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The job market for new grads: worse than in 2008, but better than 2002

The Pragmatic Engineer

In what might be helpful, Chris started his career as a software engineer in the middle of the big downturn back in 2002 – known as the Dotcom Bust – and worked through the financial crisis in 2008. Here’s his take: 'This 2023 downturn now is far worse than 2008 but not nearly as bad as 2002, which felt apocalyptic.

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Big Tech job-switching stats

The Pragmatic Engineer

The job market for new grads: worse than in 2008. Observations from the Pragmatic Engineer Talent Collective. Software engineers with experience that used to be rare to see as available to hire are now on the market. More “traditional” companies going against the tide of cuts.

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The Collapse of Silicon Valley Bank

The Pragmatic Engineer

Many people will undoubtedly have traumatic memories of 2008, when Lehman’s collapse triggered a systemic meltdown. SVB didn’t have enough links to the rest of the financial system to cause a 2008-style cascade, but there could still be a wave of runs from plain old panic.

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Happy Leap Day!

The Pragmatic Engineer

” In 2008, Zune (Microsoft’s 30GB music player) stopped working on 31 December because of a leap year bug, which sent devices into an infinite loop. Without the computers to regulate temperatures inside the pot cells, five cells overheated and were damaged beyond repair.

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Regulation: Hurdle or Driver for Data Analytics in Financial Services

Teradata

In the aftermath of the 2008 financial crash, service providers have been subject to increasing rules & requirements. To what extent has this climate held back advances in data analytics?

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Going from Developer to CEO: Chronosphere

The Pragmatic Engineer

Microsoft In 2009, not many US tech companies were hiring, as the sector was still recovering from the 2008 crash. However, Google paid a fraction of what they did in the US, so I set my eyes on the United States. Microsoft, however, was, and I got an internship to work there.

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Klarna’s AI chatbot: how revolutionary is it, really?

The Pragmatic Engineer

I talked with a software engineer who worked at Citibank in around 2008, when the company decided to eliminate its L1 support system, and automate support via a phone system. Over two years, the team automated 95% of phone support requests and closed a call center of 7,000 people in Mexico.

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