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Size-mology

Corporate refugees can be a boon to a small business--as long as you both know what to expect before jumping in.

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This story appears in the May 2005 issue of Entrepreneur. Subscribe »

Next time you're looking for workers, your friendlyneighborhood Fortune 500 may be the place to start. Due toa wave of downsizing, layoffs and early-retirement programs thathave swept through the , lots of people who haveexperience working for big companies are ready to try working forsmall ones.

The Bureau of Statistics counted 16,334 mass layoffsinvolving 50 or more people during the year that ended lastOctober. The events left over 1.6 million people out of corporatejobs and countless others wondering whether to leave before thenext round of layoffs began.

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