3 ms·
Man had just started my career the year before and these companies hit close to home, Alcatel was one of our customers, JDS Uniphase was where we got our slimy
by gedy 3y ago
Man had just started my career the year before and these companies hit close to home, Alcatel was one of our customers, JDS Uniphase was where we got our slimy C?O.
Amazingly I was never laid off, but that was a rough 2 years seeing stock go from $160 to $0.20 a share, losing 80% people due to layoffs, wheeling office furniture into the parking lot, etc.
- pbourke 3y agoNortel had a similar trajectory. Just prior to the crash it represented 1/3 of the Toronto Stock Exchange by market cap. It essentially went to null and took 10’s of thousands of jobs, the wealth of hundreds of thousands of small investors and Ottawa’s tech sector with it.