Dell Computers will not pay bonuses to staff this year after poor results last year, the company's returning chief executive Michael Dell has told workers.
In an email circulated among Dell employees last Friday Mr Dell said that he planned to remain in the ceo role for the next couple of years.
"We had great efforts, but not great results. This is disappointing and it is unacceptable. The result is that there will be no bonus this year," he said.
He asked all department heads to "look across your organizations and eliminate redundancies, think about what is best for Dell, and provide the clarity and focus of leadership that we need."
Mr Dell said the company had to reduce bureaucracy and costs to ensure better results.
The company today disputed reports that Dell was planning to reduce the size of its management team.
A spokesman said that Mr Dell was going to reduce those managers reporting directly to him to simplify the management
