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I got laid off as well when the telecom's fell last year. That was back in june '01, and the best thing that could have happened to me. I took it as an opportunity rather than a setback. I've looked on a lot of online job sites, and software engineering jobs seem to always be there, so I wouldn't worry too much, especially since you have experience. Get on all the free resume sites you can (monster, hotjobs, headhunter..) becuase it really does make a difference.
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