WHAT!!!!!

I have no words for what is happening these days. US recession has flagged off a mini Tsunami.
Everywhere there is fear and panic. Guys earning 80k$ per annum are now preparing their resumes for future hiring. I guess its like the companies themselves dug their own grave cause this heavy risk strategy of theirs benefited them from so long but as the changes, now its like a sword hanging over their heads. Hope things improve soon cause I too have to look for some job after doing my degree.