My second dot-com (in NYC) almost bit the dust in 2001 after bunches of layoffs, but management incredibly figured out how to make it through another five-ish years.
The thing that stands out to me the most about that period in time was how flat it was. No significant pay raises, no new hires, nobody leaving (where wasn't really anywhere decent to go). The team and the work fortunately stayed interesting.
Take that for what it's worth - I'm just one data point. Also, the last couple years have been too good to us in our industry, but I don't think it's anything like the absurdity of the late 90's, so I would be surprised if there was a crash that hit as hard.
Also, to echo what others here have said, we didn't know we had it so good until we suddenly didn't. If you're in your first job in a fabulously-funded tech startup with bizarro perks, brace yourself that it may not be normal. :) But appreciate it while you've got it!
... And at this point "Internet" companies are far more ingrained in the mainstream economy than they were in 2000. There will be some companies that will be hit, but things won't be as bad as it was when nearly anything net related took a hit.
The thing that stands out to me the most about that period in time was how flat it was. No significant pay raises, no new hires, nobody leaving (where wasn't really anywhere decent to go). The team and the work fortunately stayed interesting.
Take that for what it's worth - I'm just one data point. Also, the last couple years have been too good to us in our industry, but I don't think it's anything like the absurdity of the late 90's, so I would be surprised if there was a crash that hit as hard.
Also, to echo what others here have said, we didn't know we had it so good until we suddenly didn't. If you're in your first job in a fabulously-funded tech startup with bizarro perks, brace yourself that it may not be normal. :) But appreciate it while you've got it!