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Ask HN: How to prepare for a major downturn as a developer?

I've been reading Scott Galloway's recent post on a possible future downturn:

https://www.profgalloway.com/down-round/

His post, focused on startups in a bear market, got me thinking - how can we, as developers, best prepare for a downturn and possible recession? Are there specific sectors that are a safer bet in a recession, or should we simply focus (even) more on employability (gaining experience in multiple tech stacks, etc)? Are there lessons that people learnt from the the Dot-com Bubble and the 2007–2008 Financial Crisis that we need to remind ourselves of? Thanks in advance.

( 3 comments | 3 points | on HN )
Re:Ask HN: How to prepare for a major downturn as a developer? by llampx on Friday February 25, 2022 @03:55PM (#30472265)
Re:Ask HN: How to prepare for a major downturn as a developer? by MagicAndi on Friday February 25, 2022 @03:56PM (#30472279)
Thanks for the links, I missed these discussions!
Re:Ask HN: How to prepare for a major downturn as a developer? by 32mb on Friday February 25, 2022 @05:01PM (#30472878)
I guess keep at least 6 months of savings and reduce expenses would be the best thing to do during downturn. At least that’s what I’ve been doing.