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Is it bad that I'm not graduating on time?
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On the contrary, you just bought yourself seven months while the economy is deteriorating and job market is nosediving. Consider yourself lucky, and pray that the top brass can stop snatching defeat from the jaws of victory.
It's a great time to do a masters and Ph.D if you are interested. This has echoes of '08 and 20 when it comes to uncertainty and potential layoffs.