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You must not have been around in 2000. That was a wild ride even for techies.
by ulfw 6y ago
You must not have been around in 2000. That was a wild ride even for techies.
- jwr 6y agoOh, come on — it was a wild ride if you were employed in an unsustainable VC-funded startup in the US. But the bubble bursting barely even registered for those in larger companies, dealing with longer-term software.
- chrononaut 6y agoDoesn't negate the fact that there was a drop in demand for those skilled workers during that time.
- alexktz 6y agoI feel you're unfairly conflating a 50+ year stable industry with relative job safety vs a decade of flash growth in a brand new industry.
- bkor 6y ago> it was a wild ride if you were employed in an unsustainable VC-funded startup in the US Does it matter? Also, there were loads of techs/devs hired for year 2000 bugfixing. After 2000 it took a while to find something else for them or let them go. Quite a huge amount could not find anything to do after 2000.
- TuringNYC 6y agoI remember being at a large company in 2001 that was forced to shed about 40% of the workforce: Accenture (which went from 40k employees to a bit over half that.) Same story for most of the large systems integration consultancies. Same story for many of our clients: telecom firms, financial services firms People remember 2000 as a tech startup bubble burst. But it was just as much a bubble burst for telecom (AT&T, Global Crossing, Lucent, others), financial services firms, and consultancies.