No layoffs yet where I work but there was a hiring freeze and they suspended raises and bonuses this year. I got layed off in 2002 but got another job within a month. Tech isn't that bad to be in most of the time. A lot of the time it is the way people represent themselves and the sector they are trying to find a job in. It will pickup. Only thing I don't like about recessions are that companies use it to hire a bunch of people at dirt cheap prices. So when the economy does recover you are getting under paid for your services and have fun time trying to get it adjusted to the market average.