Quote:
Originally Posted by Bobblehead
I had a friend who was contracting there when they started going down. He was saying from his perspective the initial layoffs were brutal because they didn't lay off based on merit, they just kept those who could politic the best and a lot of critical people who may have made the products a success were let go. Then moral hit the skids and people left as soon as they were able.
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With the initial waves of layoffs at Nortel, they just hacked off whole groups. It didn't matter the quality of the people, it was all about what was deemed necessary to keep. But some of the VPs were all about building their own little empires within the company during the boom times and wasted tons of money.
But when the tech bust came, not that many people left voluntarily because there was nowhere for them to go. Most places were laying off and few places were hiring.