DEC, which along with companies such as Hewlett-Packard and IBM has a traditional no-layoff policy says it is considering layoffs to cut costs if revenues fall short of forecasts. JF Smith, senior vice president of DEC told the Wall Street Journal that the company’s headcount may have to be reduced by 5,000 to 6,000 more workers in the year ending June 30 and this may necessitate involuntary job losses. Separately DEC France told Agence France Presse that it will be making dozens of forced job cuts as part of an employment strategy which will be presented to the Board within a couple of weeks.
