There have only been a few major stock declines since at least 1996 when I started working.
2000 - there was a major correction and the companies that were laying off were mostly in the nascent tech sector. If you worked as a software dev in a profitable “enterprise company” things kept humming along. I personally saw no decrease in demand in Atlanta for instance for software developers at banks, insurance companies etc.
The overall tech market was so small back then it didn’t affect the rest of the market.
2001 - After 9/11 - it didn’t really have any effect on the job market.
2008-2011 - there was a real slow down in spending that was partially offset by the then new mobile market and BigTech really started taking off.
2020 - Covid - of course in some industries people were spending a lot less.
2023 - even now we are just getting back to levels of employment for the profitable tech companies that they were pre-Covid. The overall job market is not seeing layoffs and unemployment is still low.
2000 - there was a major correction and the companies that were laying off were mostly in the nascent tech sector. If you worked as a software dev in a profitable “enterprise company” things kept humming along. I personally saw no decrease in demand in Atlanta for instance for software developers at banks, insurance companies etc.
The overall tech market was so small back then it didn’t affect the rest of the market.
2001 - After 9/11 - it didn’t really have any effect on the job market.
2008-2011 - there was a real slow down in spending that was partially offset by the then new mobile market and BigTech really started taking off.
2020 - Covid - of course in some industries people were spending a lot less.
2023 - even now we are just getting back to levels of employment for the profitable tech companies that they were pre-Covid. The overall job market is not seeing layoffs and unemployment is still low.