IT Professional...

[FrankRizzo]

LOL,

I saw a guy standing in the middle of the fucking road on the island there with a sign that said, "IT Professional needs work" and then it went on to list all the languages and shit he knew.

Is it THAT bad for you guys?

 

[WODIN]

U aint seen nothing yet.

 

[FrankRizzo]

wodin - do you really think the economy is going to go that far south, or am I misinterpreting?

That kind of stuff is scary to me. I am new in my career and want to make some cash, not get laid off. I am not an IT guy at all. I am in the commercial construction industry.

 

[john937]

I predict unemployment will cost George Bush Jr the re-election,
just as it did his father ("It's the economy, Stupid").
I hope I'm wrong; I nearly had to declare bankrupcy during that one.

 

[WODIN]

Rizzo everything I read leads to a period of stagglation for the remainder of this year, which is a no growth phase. Companies start laying off when these things hit. Telecomes alone are going to shed 275,000 employees over the next 3 months...

 

[r00+]

Telecomms?

Huh? Is 'telecomm' what all non-technical people think the tech industry is?

8 months to a year and things will begin to rise again.

Most of the tech comapnies that have lived this long are doing just fine. For instance, my company. Our stock really bites right now, but we have a 300 million market cap, 600 million in the bank and we just bought out two companies in the past year. We've doubled our sales every quarter for the past seven quarters.

The reason the market sucks isn't because of these companies, it's because the world has this facination that wall street is sacrosant.

Computer sales are down and will be down for some time, comanies that produce those as their bread and butter will certainly resort to a consulting/tech service model.

But who knows....maybe the market will continue it's downward spiral. Maybe all of us technical nerds will be on street corners, writing cronjobs to clean people's windshields.

 

[tripleV]

i live in "silicon valley north" and we've had over 8000 layoffs in the high tech sector this year. very bad these days. people are getting desperate.

 

[r00+]

Me too

I live in the East Bay.

And I agree, times suck. But there are is a silver lining to it:

When we first moved here houses were a million+ dollars. We just bought one for 450K.

Real estate is way down. Gas prices are finally adjusting. And gorcery costs are dropping. Now add that to a pre-bust (assuming you haven't been laid off) salary and you have some happy folks.

 

[HappyScrappy]

at first I was happy b/c it was getting rid of all the jack offs that didn't know their shit.

but I know a few guys looking for work around here and they are having trouble.

the recruiters here seem to be gearing up for something in a month to 3 months.

the worst side of it is that companies can now drive the salaries down. oh well. it was fun while it lasted, now we have to build back up, or hope for the economy to pull itself back up.

 

[WODIN]

roo+ I just gave telecom as an example of the economies down turn that is hitting.