Last week I blogged that whether this is a technical recession or not, it sure feels like a recession. I knew WaMu was letting a bunch of people go at their Seattle HQ, but didn’t think about the people across the world that would be impacted by their downsizing.
Cheezhead, and HR and recruiter blogger, wrote desperate times = desperate measures, where he talks about the troubles job boards are going through.
Job board owners are talking about 25-40 percent decreases in postings. Stories of layoffs at boards big and small abound. And it’s only November. December should be worse. Wait, did I say should be? I meant will be.
Will be? I don’t follow things like he does, but I don’t doubt his prediction. But I love how he sums up his post, because this is something I’ve been thinking about for months:
The good news? Historical flipside says a downturn will once again give berth to a better species. Keep in mind, 2003 and beyond gave us Indeed.com, JobCentral and Simply Hired. It spawned LinkedIn and gave rise to Craig. I expect 2010 to do the same. It’ll just kinda suck till then.
Were do companies come from? Market opportunities, forward-thinkers, risk-takers, lucky people, right?
Yeah, sure, I agree with all of those.
I think companies, great companies, also come from times like this. If there are tens of thousands of finance professionals getting dumped on the streets, don’t you think some of them might have had brilliant ideas that they never had time to work on before? What about all of the IT professionals, programmers, business analysts, product managers, etc?
I believe there are many people who are anxious to get their next steady paycheck, but will eventually see opportunities to do things they never had time to do before. Companies will be born, millionaires will be created, products and services will surface.
I was scared to death to start my own thing, and didn’t think anything new could be invented. There was no better mousetrap… all the good ideas were already taken (like Amazon, Google, eBay, wordpress, youtube, etc.)
And then I found myself with time, and found some investment money, and a very cool job search tool was put into my brain, and my job search ended.
How many others will end their job search and take a plunge that was impossible before? I expect this recessionary time to catapult a bunch of businesses and entrepreneurs. Will you be one of them?