On December 15, 1992, the CEO of the IBM company, John Akers, announced it would eliminate 25 thousand employees in the coming year. When the employees panicked, he quickly responded and said he didn’t mean eliminate, he meant terminate. He would terminate 25 thousand employees. This did not alleviate their concerns and he had to respond again. He said that IBM was going to ‘fire’ 25 thousand employees. They were going to ‘only’ lose their jobs. He said IBM wasn’t a Mafia organization. They weren’t Apple.
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