Word: slash
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Dates: during 1990-1999
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...embattled presidential tenure. Woodrow Wilson was the toast of Europe at the end of World War I, but he was hated at home. Privy to pollsters, political payoffs and re-election bids, Presidents as a rule are too burdened to take bold stands. Unless he's able to slash the deficit and increase programs in a single bound, Bill Clinton won't achieve superpower status...
...NEVER A PRETTY SIGHT. But few could imagine how grim until International Business Machines announced its most traumatic cutbacks to date. In its fifth major restructuring in the past seven years, the world's largest computer company plans to shed more unprofitable and ill- fitting businesses in 1993 and slash its work force 8%, or 25,000 employees. The latest round of reductions will include the first involuntary layoffs in the company's 78-year history and will result in a $6 billion pretax charge for the fourth quarter...
...companies, including Sun Microsystems and Compaq, have been reporting hefty profit increases and rolling out innovative products, IBM last week was announcing its most traumatic cutbacks to date. In the fifth major restructuring in the past seven years, it plans to shed more unprofitable and ill-fitting assets and slash its work force next year more than 8%, or an additional 25,000 employees. Only a year ago, IBM reorganized its operations into 13 semiautonomous units, called "Baby Blues." The latest round of cuts will include the first layoffs in the company's history and will lead...
...research and development $1 billion, or 17%, a move that prompted President-elect Bill Clinton to comment while leading a two-day economic conference in Little Rock. Though he conceded that IBM's cuts reflect the irresistible pressures facing U.S. manufacturers, he expressed concern about IBM's decision to slash investment in research and development. That kind of expenditure, said Clinton, is "the exact thing we don't want them to be cutting...
...Defense Slash, Shabby Secrets...