In January 2001, HP laid off 1,700 marketing employees. In June 2001, Fiorina asked employees to either take pay cuts or use their allotted vacation time to cut additional costs, resulting in more than 80,000 people signing up and saving HP 130 million. Despite these efforts from employees, in July Fiorina announced that 6,000 jobs would be cut, the biggest reduction in the company's 64-year history, but those cuts would not actually occur until after the Compaq merger was announced. In September 2001, Fiorina said she intended to cut an additional 15,000 jobs in the event of a merger with Compaq.