alt Hacker News2008 didn't really impact tech sector much though. Companies continued to hire through it, and in fact those that didn't often had a headcount deficit afterwards.
And also the worst of 2008 was confined to the US.
What we have now is more like 2001.
Also most of these big companies were completely dysfunctional on their hiring through 21/22, just going completely apeshit. Now they're making everyone suffer for it.
Much less severe than 2001, where tech lost 250,000 jobs peak to trough (~18.5% from 2001 to 2003). Current downturn from peak (2022) is about 80,000 jobs (~3.2%). The timeframe for this period is longer and the magnitude is much lower.
https://fred.stlouisfed.org/series/CES6054150001