Trends, Issues and Advice by Allan Hoffman For all the hype, the Y2K problem did not cause much havoc. The banking system survived. Planes did not fall from the sky. All a mirage. For information technology, it was mission accomplished.
Bugs remain, no doubt, but widespread disaster was averted.
Many Y2K projects were handled in-house, and those professionals will generally move to other tasks. And while Cobol may not get the attention of Java, it is still widely used. Retraining in the spotlight. In the new economy, people build careers around their skills, rather than their employer. With that in mind, look for positions that offer you the chance to build on your skills.