Re:What’s going on with Google and Facebook hiring freezes?
by spookie on Tuesday August 02, 2022 @04:01PM
(#32323557)
I don't know about the big boys. But at least in Europe, in 2008, the crash wasn't "bumpy". It was survival of the fittest, and most up and coming companies straight up died.
It's a matter of perspective, for sure. But I would be careful myself. FAANGs won't vanish, and it won't be catastrophic for the privileged few. But, for the rest of the world, which follows the status quo? This spells doom in various levels.
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Re:What’s going on with Google and Facebook hiring freezes?
by ekidd on Tuesday August 02, 2022 @09:25PM
(#32326563)
> It was survival of the fittest, and most up and coming companies straight up died.
Oh, during the dotcom crash, Internet companies failed by the thousands in the US. But many of them were absolute garbage companies, far worse than the average modern startup. Frankly, scam companies were coming out of the woodwork. It was even worse than the later mobile/social/local/GroupOn era.
But just because many companies folded, it didn't necessarily mean that competent programmers were out of work indefinitely. There was a period of about 6 months when getting hired was nearly impossible, but after that, things started to turn slowly upward.
Honestly, if you're a programmer, I really recommend an emergency fund. Especially if you're being paid ridiculously well, keep your living expenses lower, and put some money aside.