Both Dell And VMware Implemented Pay Freezes

In May, VMware and Dell Technologies confirmed they each have implemented company-wide pay freezes due to the economic uncertainties stemming from the coronavirus pandemic.

Dell temporarily halted employee pay raises, contributions to 401 (k) retirement plans and hiring throughout the company. “Like all businesses right now, we’re constantly evaluating our business to plan for resiliency in the current environment and to support our team members, customers and community in a way that sets us all up for success on the other side of this pandemic,” said Dell in a statement to CRN in May.

Shortly after the Dell announcement, VMware unveiled that it too has implemented a “number of cost management changes” after an internal memo surfaced stating that the company is conducting a companywide employee salary freeze as well as temporary salary reductions for top executives, including CEO Pat Gelsinger.