Not only bubble inflation, on a normal job market, people would quit, and the turnover costs would be bad for IBM. But, actually, i do believe IBM was not smar

Not only bubble inflation, on a normal job market, people would quit, and the turnover costs would be bad for IBM. But, actually, i do believe IBM was not smart on this one, that 15% cut will result on a productivity shortage way below 15%. That level of demotivation don't pay off.