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After the dot-com crash, I was laid off when the company I worked for went under. They specialized in creating e-learning courses for large corporations. That
by junto 2y ago
After the dot-com crash, I was laid off when the company I worked for went under. They specialized in creating e-learning courses for large corporations.
That experience taught me a valuable lesson: there are some industries you just don’t want to be involved with when the economy takes a downturn. Companies tighten their budgets, and the first cuts often come from areas like training and marketing. On the consumer side, people quickly drop non-essential luxuries like streaming services or food delivery.
If you work in industries that provide those kinds of services, they’re essentially “fair weather industries”—great during good times but highly vulnerable during tough ones.
Since then, I’ve made a point of only working in what I call “recession-proof” verticals. These include energy (avoiding risky sectors), insurance (because companies rarely skip paying premiums), and certain areas of banking (where money flows abundantly).
Another critical strategy is diversifying your skill set and building a strong internal network within your company. The more indispensable you become, the more secure your position. In more technical terms, this is akin to “obligate mutualistic symbiosis”—a relationship where both parties thrive because they rely on each other.