4 ms·

Agreed... it was more segmented at the time, as employment was more regional... so seemed to affect the West coast more/earlier... didn't hit Phoenix until near

Agreed... it was more segmented at the time, as employment was more regional... so seemed to affect the West coast more/earlier... didn't hit Phoenix until nearly a year after it was already bad in NorCal. Was out for about a year, and it was rough, to say the least. Was denied unemployment because I had done side work the year prior, and all that had dried up too. Took almost 8 months to be working again (at half where I was prior) and a few years to get back to that level again. Given the number of remote workers, can see the effects being broader and more impactful much more quickly if it keeps going this way. This time I have a house and other people relying on me... so it's a bit scarier. I'm on C2H right now, after getting let go in October, and just hoping to convert to FTE in the next couple months. Fortunately, in an industry unlikely to be affected by the tech downturn.

ghaff 4y ago
I don't know if it was so much regional--except as a side effect of different regions having different types of companies. It was probably mostly startups, especially web-related startups, that took the brunt of the initial impact and the contagion probably spread at a rate more or less related to the degree of exposure to the startup ecosystem. There were some other areas like optical networking too. The company I was laid off from had a lot of exposure to startup spending whereas the one I was hired by mostly had big blue chip computer company clients which were (at the time) still only modest affected by dot-bomb.
- tracker1 4y ago
  Could be... the Phoenix area is generally more business and banking industry in terms of most software development jobs... even the startups that are here don't tend to operate in the same way as most of the rapid growth startups do, more about getting positive revenue and conservative growth earlier on. Though the couple I'm familiar with, still got bought/swallowed by larger companies as an exit.

ghaff 4y ago

I don't know if it was so much regional--except as a side effect of different regions having different types of companies. It was probably mostly startups, especially web-related startups, that took the brunt of the initial impact and the contagion probably spread at a rate more or less related to the degree of exposure to the startup ecosystem. There were some other areas like optical networking too. The company I was laid off from had a lot of exposure to startup spending whereas the one I was hired by mostly had big blue chip computer company clients which were (at the time) still only modest affected by dot-bomb.

tracker1 4y ago
Could be... the Phoenix area is generally more business and banking industry in terms of most software development jobs... even the startups that are here don't tend to operate in the same way as most of the rapid growth startups do, more about getting positive revenue and conservative growth earlier on. Though the couple I'm familiar with, still got bought/swallowed by larger companies as an exit.