They did this by proxy in the UK by ruining the dinobabies' (decent) pensions unless they quit - if they quit they get to keep the pension, if they stay they'd

They did this by proxy in the UK by ruining the dinobabies' (decent) pensions unless they quit - if they quit they get to keep the pension, if they stay they'd be throwing away significant sums in pension. Only the older IBMers had these decent pensions, so there was a huge loss of older IBMers who understandly just quit rather than miss out on their gold-plated pension. Ironically many were rehired as freelance contractors (by their individual projects, not "centrally" if that makes sense) on significantly higher rates, so they got to keep their pension, keep their job (as a contractor) and get a pay rise too. The millennials meanwhile were kept on low salaries (it was the main reason I quit )