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"Galactic scale" and "Fuck Up" are on brand for IBM.
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It is IBM after all
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Totally fair point.
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dotcom implosion redux
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It certainly feels that way. I was there. Fortunately had just waltzed into the tech side of things and scurried off back to my professional career for a couple of years.

I watched a lot of stuff burn. It was horrifying. We are nearly there again.

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Yeah similar story here. I had to spend a couple of years painting houses before the local market recovered enough that tech jobs were a thing again. Shit was surreal. There was one guy I knew that went from building multi-million dollar server and networking projects for IBM to literally working as unskilled labor on a fencing crew just to make rent.
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Problem is there aren't jobs where you can go and hide until the economy recovers this time.
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