I won't play oracle here. But I would like to point out that there are a number of skill sets you yourself can develop over the next year to make you more resil

I won't play oracle here. But I would like to point out that there are a number of skill sets you yourself can develop over the next year to make you more resilient to hiring trends (and depressions). Networking. Sales. Domain knowledge. As an undergrad myself, I feel most of my peers expect a job to be given to them as soon as they graduate. For some this will be true, for many it will not. I feel that this is a terrible mindset and will cause a lot of pain for people in our age group. So networking, as in know people, know companies, you don't have to be an extreme extrovert but put yourself out their and actively try to meet and build relationships with people in the industry. Sales, as in selling yourself as the product. Practice interviews, enunciation, phone conversations, whatever you have to do. If you come across as an A-player/personality you are much more likely to be hired. Domain knowledge, get a basic understanding of what's in use today, what probably will be in use tomorrow, and build an expertise in it. It requires a lot of time but it will clearly distinguish you from those who don't bother doing so. While many companies prioritize hires that can learn quickly, don't forget the very real business need of someone who can jump in and run with the team immediately. If you have this there will always be a place for you at some company, you would only need to find one with a real immediate need, then, "oh hey I can do that for you"..