I suppose that depends on your definition of &quot;seriously&quot;.<p>There is a general cooling off, not a collapse. There aren&#x27;t many companies going under entirely, which is distinctly unlike the first dotcom bubble where after the pop the ground was littered with the corpses of companies.<p>IMO what we&#x27;re likely to see is a slowdown in early-stage startup hiring. Series-A and B funding is already harder to come by, and so execs will be more conservative about burn rate, including on payroll. Unicorns will continue to hire aggressively, but their equity will look worse and worse as their valuations get cut or they get murdered in the aftermath of their own IPO.<p>I think we will continue to see major unicorns have their valuations slashed, and we will continue to see tech stocks struggle in the public markets. But this will impact employee compensation more than it will impact overall demand for new hires. What this probably will mean is that offers from unicorns will be less attractive next to offers from BigTechCo, but ultimately we&#x27;re still talking about offers in the top 10% of the entire USA, so it&#x27;s hardly a cause for panic.<p>And of course the juggernauts of AmaGooFaceSoft and co. will continue to hire like crazy.<p>So yeah, the job market will get a bit softer, so you might be facing tougher competition, but it&#x27;s not exactly doom and gloom.<p>It&#x27;s certainly still a better outlook than what you were facing in electrical engineering.