alt Hacker NewsMuch 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.
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.
Interesting. I guess I'm surprised, because having lived through both, this somehow feels worse.