I think this is the third time I've seen this in my professional career. First during the dot-com bubble burst in the early 2000s. Then during the 2008 recessio

I think this is the third time I've seen this in my professional career. First during the dot-com bubble burst in the early 2000s. Then during the 2008 recession. Now again we are starting to see news everyday about another company going through layoffs. Soon there will be a tsunamai of hiring freezes and layoffs as every company gets in on this. If the past is anything to go by, things will be bad for a number of years, but then will greatly improve on the other side.