When the Industry Bubble Bursts



(page 1 of 2)

To all those whose gainful employment has fallen victim to this crummy economy, I’ve felt your pain. Twice.

My first layoff was in 2000, just as the dot-com bubble was about to burst. The well-established media company that hired me had recently merged with a digital music website and was suddenly poised to beef up the editorial staffs at its two magazines. I was lured away from a secure position as managing editor for Philadelphia Weekly by the prospect of working in Manhattan and a salary that, alas, couldn’t get me east of the Palisades.

Two months later, we were just getting acclimated to our overheated co-op apartment in North Bergen, N.J.—and me to my hour-long commute to a city whose skyline I could see from my backyard—when everyone old and new was summoned into the lobby of our Midtown office. A downsizing was already in the works, though I was told I had nothing to worry about.

After a month or so, while I was visiting relatives in Florida, I received a phone call from my boss: There was no need to come into work when I got back. The contents of my desk arrived at my home via UPS a week later.
 

Continued on page 2 ...
Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags

Get Our Newsletter

Main Line Today delivers the latest local buzz, restaurant reviews and events, while our VIP list offers alerts on exclusive promotions in your area.