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Its a mixed picture. I think there is some upheaval but no crisis for IT workers. A gross oversimplification is it depends on what industry you work in or supply a service to. Two extremes might be...
If you work in say travel. Then you are probably now near basement level in terms of job security. Chances are the market will bounce back somewhat, but its going to take years, some companies will still crash. Shiny IT systems will be required but in a contracting or stagnant job market you may not be secure in your job and new jobs might get many applicants.
On the other hand you work in manufacturing, the future is extremely bright. The chances are your organization will bounce back quickly, if it has been effected at all. This isn't a recession in the style of the credit crunch, yes it will be deep but its not because of economic problems, so recovery will be rapid. In the meantime, people still need things. So IT is essential to support the creation, sale, distribution and support of things. If your company does goes down because of short term problems there will be ten more that need you.
Between those two extremes is everyone else, consultancies, free-lancers may need to change who they contract for but the work is there. People might need to change career paths but don't think IT in general has a problem.
...some advice to anyone worried about their skill set, perhaps they have been concentrating on an industry like travel: try to get more generic skills or at least be able to explain your skills in more generic terms. Two aims: convince the HR departments/ agencies filtering job applications that they are relevant (or the IT department won't even be aware of you); and don't interview for a job way below your normal paygrade, that's just a waste of everybodys' time.
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Eek Ten Bears wrote: and don't interview for a job way below your normal paygrade, that's just a waste of everybodys' time.
Unless you are really in need and willing to accept it if offered to you.
M.D.V. 
If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about?
Help me to understand what I'm saying, and I'll explain it better to you
Rating helpful answers is nice, but saying thanks can be even nicer.
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because even in the improbable case that I would have problems with my current job, I would just find another or start my own one.
M.D.V.
If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about?
Help me to understand what I'm saying, and I'll explain it better to you
Rating helpful answers is nice, but saying thanks can be even nicer.
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Took voluntary redundancy, I'm now a gentleman of leisure.
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I have enough money for early retirement, but I like working. Were I to be fired, I'd probably take a part-time job somewhere, and have more time to work on my personal stuff.
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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Daniel Pfeffer wrote: I have enough money for early retirement
must be nice.
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I'm living in a small town, working for a small town company paying small town wages. In the past the latter wasn't a problem since the notional 20-35% pay raise I could get moving to a larger city to work would vanish into the bottomless pit of higher living costs. Now that we're all remote (and with the company intending to downsize their office space significantly when the current lease runs out at years end) will be indefinitely; the siren call of random LinkedIn recruiters offering to pay a national wage regardless of where we're actually working is far more tempting even though I'm quite happy where I am.
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, weighing all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
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Did you step out of a time machine from the early 1980's?
I worked as a contractor at a certain company in the early 1980's. They discovered that the woman I reported to had interviewed for a position somewhere else. She was terminated immediately and escorted from the building by security.
Software Zen: delete this;
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A thing I learned from an old boss many years ago: "Forget job security. Focus on career security."
There are no secure jobs and we are all expendable, but if you keep your skills sharp and your industry contacts alive, chances are you'll be fine after losing a job.
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If they think I'm expendable with respect to their needs - fine - but if the decide that was a mistake then it will be very costly to get any help from me if they decide "oops !".
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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Very different situations.
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Job security is pretty high and improved due to a lot of panicky resizings / people leaving after receiving payroll subsidies, so now companies are searching again and en masse.
GCS d--(d+) s-/++ a C++++ U+++ P- L+@ E-- W++ N+ o+ K- w+++ O? M-- V? PS+ PE- Y+ PGP t+ 5? X R+++ tv-- b+(+++) DI+++ D++ G e++ h--- r+++ y+++* Weapons extension: ma- k++ F+2 X
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I guess some companies did fire too many people and the found better jobs.
Press F1 for help or google it.
Greetings from Germany
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I got hit.
But I tell you... could've been worse.
Sometimes its good that something changes. I wasn't even aware of my unhappiness in my old job.
Now I get to take kind of a "summer break", but I already signed for a new job starting late summer and hey... I am kind of excited. It's something new. It's different.
Motivated.
All good.
Looking forward.
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Good attitude to have. Enjoy your pre/post work vacation.
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Thanks!
I see a really good summer incoming 
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