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Well, yes and no. I've been laid off twice from high tech firms. Both times I found a (better!) job within a couple of weeks, but if you want a stable career, this is not the industry for you.


if you want a stable career, this is not the industry for you.

Well, yes and no :). Depends on where you work. If you work at a tech company then yeah, that's probably not the most secure workplace, but I work at a bank, and the only way you're ever going to get fired from there is if you're a really, really crappy worker, or if you screw up big time.


I met a bank programmer a couple of years ago. He was driving a taxi. Apparently when his bank got bought by another bank, they laid off the whole IT department.


Plus you have the added security that if the brass really fucks things up the government is there to pick up the slack (at least in the U.S.).


If you work at a bank there's a good chance you'll next laid off en masse as soon when there's a really bad year.


Well, as far as my bank is concerned, nobody got laid off during the recent recession (I don't work in the US, mind you). There was just a hiring freeze and smaller bonuses at the end of the year. We really weren't hit that hard.




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