$54 billion VMware told employees it is freezing salaries, cutting CEO and other executive pay, and suspending 401(k) matches due to the impact of COVID-19 (VMW)

$54 billion VMware told employees it is freezing salaries, cutting CEO and other executive pay, and suspending 401(k) matches due to the impact of COVID-19 (VMW)

Business Insider

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· *VMware, the $54 billion IT software giant, just told employees it is freezing salaries and suspending 401K matches due to the COVID-19 crisis. *
· *An internal memo obtained by Business Insider said CEO Pat Gelsinger, other top executives and board members will also take salary reductions.*
· *"Many of our customers are...

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