I attended my university's CS job fair, only to find that I had become almost completely unemployable to tech companies (granted, I only had a 3.3 GPA in CS; damn you, WoW!). I ended up taking a tech support job with a scientific computing software company after I was promised a quick transition into development. However, that too evaporated, ironically due to the stigma of working in tech support.
After about 8 months, I interviewed for a developer position at a Midwest branch of a major tech company, but was again turned down. Luckily, I was instead hired to be a QA contractor on a different team, whereupon I quickly transitioned into a non-contracted developer on the original team that didn't hire me about a month before the company's new CEO announced that we would not take anyone with lower than a 3.5 GPA. I took the opportunity to mention this fact at every opportunity to one of my co-workers who had originally voted not to hire me.
After about a year, I started interviewing new candidates at this company. You would think that, given my prior experiences, I would be more forgiving than my peers in looking at past experience. While I didn't make any judgments based on school or GPA (in fact, those were filtered out before the resumes ever made it into my hands), I did turn down several candidates who were "too enterprisey", i.e. did not have experience or interest in whatever tech was trendy at the time. Granted, these candidates also had trouble understanding and debugging simple perl scripts I showed them, so I was already not on board, but when those candidates were borderline hires/no-hires, that was something that swayed me in the "no-hire" direction.
Now, as a married thirty-year-old with two kids and several non-coding hobbies, I have neither the time nor inclination to use my free time to learn today's trendy languages and frameworks. My work keeps me relevant for now, but if that ever changes and I need to look for work, I'm terrified that my experience and ability to learn quickly will be irrelevant to prospective employers, who will just want to see the right technologies appear on my resume.