DALLAS (AP) - Days after returning as Dell Inc's chief executive officer, Michael Dell told employees the beleaguered computer maker
is quashing bonuses for 2006 and reducing managers.
The e-mail sent Friday says the move is to help cut costs and steer the company back toward dominance.
It also revealed that Dell will not hire a chief operating officer, will push faster product development and will expand into new business to drive revenue growth.
Details of the shake-up came after Michael Dell replaced Kevin Rollins as CEO.
The change comes as Dell tries to fix mounting problems that include a string of disappointing earnings, eroding market share and an ongoing federal accounting probe.
A copy of the e-mail was first obtained by the Austin American-Statesman and posted on its Web site. Dell spokesman Bob Pearson verified that the e-mail was sent out Friday, but he would not provide a copy to The Associated Press.
In it, Dell wrote that the company ended its fiscal year Friday with "great efforts, but not great results."