I am old enough to remember fondly Reagan and Reductions in Force (RIF). See some of the boo hoos from 1982 - http://www.nytimes.com/1982/04/07/us/reagan-rif-effect-puts-bosses-in-typing-pools.html
I remember a RIF being topic #1 at my place of employment until about 0930 on 9/11/01. After that, never heard another peep.