alt Hacker News2008 really wasn't that bad if you were in tech...
No idea about 2001, but I've heard it was fairly rough. More recently I've seen people say now it's harder to find work today, I think in part because in 2001 it was mostly tech companies laying off talent, while corporates who were less impacted by the dot-com bubble were still building out their engineering teams.
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kilroy123 • today at 10:44 AM
I agree. It was still ok for most people in tech. Maybe rough for that single year. After that is was nothing but boom times.
I can't speak to 2001.
This feels like something much worse and weirder.
The problem with the 2001 dot com bust was that it came on the heels of the telecoms downturn, so the two biggest (at the time) tech sectors were in trouble simultaneously.
Yes, there was still corporate IT - and some areas like finance were positively booming. But for online retail, media, advertising, etc it was a wasteland for 4-5 years. Plenty of people never found a way back into the industry.
To me, it felt much worse then than it does now (though perhaps the USA is being hit much harder at the moment).
2008 did hit tech but, outside of finance, the shock was over much quicker. The effects on the bricks & mortar economy were more obvious, though, so it got covered more in the media.