This economic downturn is different from 2002, especially in the tech/internet space because of how people are responding to it. I was speaking with a reporter from TheStreet.com yesterday who was interviewing me about my layoff situation, and it struck me that perhaps my outlook is not uniquely optimistic, but shared by many others. I’m sure there is plenty of negativity to come and that we are only beginning to experience the disruption, but I know my response has been fundamentally different.
In 2002, the website everyone I knew was following was F*ckedCompany.com. Every day, that website published “insider stories” about the unbelievably idiotic things that were going on in companies. It also served as a bellwether of discontent and early warning of impending layoffs. Companies lived in fear: “I hope we don’t end up on that site!” Employees could not wait to post their stories of incompetent managers, wasteful company largess, and the doom and gloom stories of dotcom bust and failure.
I visited that site just now and, “Pud” reports, the site is “sorta [F'd].” Good. Who’s got time for that kind of self-pitying crap now? I’m sure it’s out there, but it is not what I’m seeing.
In 2008 I see people of all ages networking like crazy, emphasizing their positive aspects, working together to help each other, and being optimistic about the future. Maybe it is driven by Millennial enthusiasm and entrepreneurship, but I see it from my generation (X) as well as we go to networking events, join career clubs, and use social media to connect and learn.
It is early in my own quest and I’m still finishing out my time at work until the official layoff happens. But it feels like a much better world than the last time around. I tell people I see massive disruption…whole industries may be lost and millions will lose the jobs they have today. But this is the moment of change. Books like Thomas Friedman’s The World is Flat described how things were going to change and Nicolas Taleb’s The Black Swan warned us that the future would be unpredictable. There will not be a gradual change, an evolution in the way we live and work…instead change is coming in waves we cannot control, but must struggle to navigate as best we can. There is no time to spend worrying or wishing about what might have been. We must embrace the future and make it ours. That is what I see happening.