What do Tech Layoffs Mean for Budding Developers?

2 years ago blog.boot.dev

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So we’re officially in a recession, and now the question is, “what does a recession mean to me as a brand-new developer?”. As you can see in this chart, tech stocks are getting hit hard.

This recession has been much different from the Coronavirus crash or the Great Recession of ‘08.

As a result, because money was cheap, both retail and institutional investors threw all that money at tech companies.

The average length of a recession according to https://www.forbes.com/advisor/investing/how-long-do-recessions-last/ (or 17 months if you all the way back to 1854).

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