Earlier quoted context omitted.
IBM's done worse before. In the late 90's my father was part of a first round of IBM layoffs -- in which they cut 6000 jobs... in Dutchess County, New York. That was the first round of layoffs. Another few thousand got cut a year so later. And I don't know how many they cut outside of Dutchess County...
Were they closing down the facility in Dutchess County? How big was it?
IBM's presence before that massive layoff was such that almost everyone in Dutchess County with a corporate job worked at IBM, it really felt like you either worked for IBM or you worked at the mall or a gas station. (I doubt that this is quite the case, but you get the point hopefully.)
I am fairly certain that until that massive layoff, there were hardly any tech companies other than IBM in the area. I didn't find any, at least. The only job opportunities I ever found in the area were at IBM.
I think they did close down a few facilities entirely during those layoffs. My mother's job moved from Meyers Corners to Poughkeepsie around then, because they closed down the MC facility IIRC. They probably sold or leased it out or something, it was a pretty large office building from what I remember.