I don't think it was that bad. I graduated 12/2008 in aerospace engineering from a big state school. Not MIT. We all had at least 1 offer from big companies, even the middling students. I had 2 offers, and probably could have swung a third. It felt like the recession mostly affected the housing market and older career folks, but for us new grads things were mostly normal. This feels like a permanent shift due to AI in part, and interest rates going back up since pandemic.
Yeah, I agree with you here. Most of the people I know in tech got laid off in 2001 due to startups failing. I think the only person I knew that made it through worked for Yahoo.
> It felt like the recession mostly affected the housing market and older career folks, but for us new grads things were mostly normal.
Yeah, they weren't. You were in a STEM bubble, which back in 2008 probably was the only bubble that could still get jobs "the old way", without going through application hell.
Also, the job market was way worse in 09-10 than it was in 2008, especially first half of 2008.
