There will be a lot of layoffs. The question is, what kind of jobs are they? Are these experienced developers with multiple languages and platforms under their belt, or one-trick ponies that came from a bootcamp?
You're right - ad-driven web properties won't do well. There is tons of code written every day that does actual revenue-generating work, however. It's not sexy work, it's not VC-funded work, and that's okay.
During the dot-com bust I had no problems with work. My longest contract was for a hospital, writing software to help nurses schedule and track patient visits. This was tangible work, with a tangible benefit. It wasn't a nebulous business model.
> Are these experienced developers with multiple languages and platforms under their belt, or one-trick ponies that came from a bootcamp?
During the last recession, many of those that were let go were the "expensive" experienced developers that could command higher salaries than new hires.
I know several experienced developers that lost their jobs last week.
You're right - ad-driven web properties won't do well. There is tons of code written every day that does actual revenue-generating work, however. It's not sexy work, it's not VC-funded work, and that's okay.
During the dot-com bust I had no problems with work. My longest contract was for a hospital, writing software to help nurses schedule and track patient visits. This was tangible work, with a tangible benefit. It wasn't a nebulous business model.