Monday, December 22, 2008

Job Losses Hit the Tech Sector - Bits Blog - NYTimes.com

Meantime, company executives and workers here say this downturn feels different from the dot-com bust. Then, the downturn felt more specific to the region. Not just tech companies, but commercial and residential real estate brokers, restaurant owners, hairdressers — everyone in the region — felt the pain of the bust, directly or indirectly. As one tech industry worker told me the other day, “When the bubble burst in 2000, it felt very personal to those working in the Web world.”This time is less scary for some here because the pain is less concentrated and localized. On the other hand, there is a sense that this downturn has less of a simple explanation, and thus the factors behind it fell more out of control. The person I spoke to, a manager at a Web design firm, said: “It’s different because it’s everyone.
Job Losses Hit the Tech Sector - Bits Blog - NYTimes.com
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