What happened in 2008 recession ? How IT people impacted ? How IT people servive in 2008 recession? Your positive comments wil be helpful for new IT generation..

📌Note - Treat this as positive post. I believe in Hope for the best and prepare for worst

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After the fall down of Lehman Brothers, Companies started firing the employees.
People who were on Bench or who were the lowest performers were the first to be fired.

People who were on projects were saved but had to work extra in the name of recession .So it was the kind of situation where companies were kind of blackmailing.
Some companies which were hiring at that time were giving lower or same packages and were mostly startups.I knew some people who lost their jobs were unemployed for 6 months or so .
In 2009 Again Hiring started, and things became normal

Only safe companies at that time were Infosys and TCS.

I started my career in 2007, so had seen all these.

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Startups work in recession too and better than bigger companies. Because, you can work on projects in low cost .

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