(no title)
unoti | 10 months ago
The short answer seems to be that they pivoted to Java for new projects, which marginalized Erlang. Then Joe and colleagues formed Bluetail in 1998. They were bought by Nortel. Nortel was a telecom giant forming about a third of the value of the Toronto Stock Exchange. In 2000 Nortel's stock reached $125 per share, but by 2002 the stock had gone down to less than $1. This was all part of the dot com crash, and Nortel was hit particularly hard because of the dot com bubble burst corresponding with a big downturn in telecom spending.
It seems safe to look at Joe's layoff as more of a "his unit was the first to slip beneath the waves on a sinking ship" situation, as they laid off 60,000 employees or more than two thirds of their workforce. The layoff was not a sign that he may not have been pulling his weight. It was part of a big move of desperation not to be taken as a sign of the ineffectiveness of that business unit.
cmrdporcupine|10 months ago