[lepton]

As a matter of fact, creative destruction within our domestic economy is a good thing. Socialist economies suffer because they can never get rid of useless workers and industries, which drag down the productive ones.

In the early 1990s, IBM found they had several MILLION employees that no longer had full job-responsibilities. Some four Million had no genuine job at all. At the time, IBM had a "no layoff" policy, as well as a habit of training new workers for new technologies, and retaining, but not retraining ones whose job-responsibility went away.

[GingisK]

...but not retraining ones whose job-responsibility went away...

The IBM of old always offered retraining to employees. Companies once viewed employees as assets rather than liabilities.

[Cronos]

In the early 1990s, IBM found they had several MILLION employees that no longer had full job-responsibilities. Some four Million had no genuine job at all. At the time, IBM had a "no layoff" policy, as well as a habit of training new workers for new technologies, and retaining, but not retraining ones whose job-responsibility went away

Which planet are you living on???? IBM with millions of employees? LArger than the Wal-marters??

Check their website where they quote:
With 2001 revenues of $85.9 billion and more than 300,000 employees worldwide, IBM is the largest IT company on the planet