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This happened when BlackBerry laid off staff in Waterloo, Ontario. With a decade’s hindsight, it was exceptionally positive for the local economy.
by voisin 4y ago
This happened when BlackBerry laid off staff in Waterloo, Ontario. With a decade’s hindsight, it was exceptionally positive for the local economy.
- toyg 4y agoThis is the sort of creative destruction that antitrust law should enable on a regular basis.
- matwood 4y agoIt's said a similar thing happened when IBM laid off a bunch of people in the 90s. It sucks for those laid off, but these big tech companies have had tons of talent effectively locked up for years.
- rescripting 4y agoSame thing with the collapse of Nortel in Ottawa around 2001. Painful in the short term for those affected but long term it created a much more robust tech ecosystem.