As fear of impending economic slowdown looms, job hopes fall
As Bernard Wang '01 watched the NASDAQ plunge during the last six months, he saw his hopes for landing a job with a glamorous tech start-up fizzle.The fast-paced industry, which enticed him with soaring stock options and the thrill of innovation, saw the floor fall out from under it as company after company could not stop bleeding red.Wang, an electrical engineering major, had wanted to join the technology revolution and lead the charge into the 21st century after his graduation this spring.His plans were hampered, however, when, as a result of mounting debts and free-falling stock prices, these previously hot dot-coms were forced to lay off workers and curtail their campus recruiting."Some companies I was interested in and had been hiring like mad the last few years have recently stopped those efforts and are even scaling back," Wang said in an e-mail.Wang fears that a slowdown in the U.S.