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Were you around the dot com crash? It was much worse than what is going on, layoffs happened left and right. But the future would have never been better for tec
by relativ575 4y ago
Were you around the dot com crash? It was much worse than what is going on, layoffs happened left and right. But the future would have never been better for tech jobs. So no, incorrect to say anything for sure.
- dsq 4y agoIt was a bloodbath. Entire companies vanished like smoke.
- johnvanommen 4y agoI've long argued that it was the "creative destruction" of the dot com crash that made so many of the FAANGs possible. For instance, Amazon in Seattle benefited as thousands of engineers found themselves out of work in 2000 and 2001. In addition, AWS was largely inspired by the fact that Sun Microsystems refused to cut their pricing. Amazon was using a lot of Oracle databases and Sun hardware, and when Sun wouldn't negotiate their prices down, Bezos began to figure out A Better Way. Bezos was particularly irked because there was a flood of practically new Sun hardware available (due to the crash) but Sun wouldn't negotiate on price, despite the market being awash in high quality used hardware. Basically Bezos didn't want to spend $80,000 on a new Sun server, but he also didn't want to run hardware that was used.