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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Koligman who wrote (175440)1/6/2009 11:45:25 PM
From: XBritRead Replies (4) of 306849
 
<<I'd bet not too many people realize that IBM shed an enormous amount of jobs from the mid 1980's to the mid 1990's. Employment at Big Blue topped out at 407,000 in the mid '80's, and by the time Gerstner was finished cutting in the early 1990's it bottomed out around 210,000. Almost 200k jobs gone over those years...>>

Actually, yeah I noticed. I was there. The day they laid off 80% of the East Fishkill site was particularly memorable. I was working on a joint R&D project with a department there, and one of the guys called me to say "I'm under my desk with the door locked. They'll get me soon. You need to save the following files, I'm emailing them now".

I never got them, they'd cut off the email. IBM was quite the totalitarian state back then.
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