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They also slash payroll by trading away stars and prospects.
"He has had to cut his employee payroll by 40 percent," Koenig said.
Agilent Technologies, which is cutting its payroll by 9% worldwide, employs 4,000 people in Singapore.
As Lohr has reported, I.B.M. no longer breaks out its global payroll by region.
Having the major leagues' biggest payroll by far wasn't enough for the Yankees.
The company said in January that it would reduce its payroll by 16percentt.
To reduce costs, Sprint said it planned to cut its payroll by 4,000 workers.
But the Yankees are trying to lower their payroll by 2014, making a two-year deal unappealing.
To set an example, he has promised to trim the finance ministry's payroll by 5,000 by 2007.
Eskom, South Africa's main electricity utility, has estimated that AIDS could cost 15% of its payroll by 2005.
Alitalia will further pare its payroll by not renewing the contracts for another 1,000 seasonal workers.
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