Bounded context switching (BCS) is an under-approximate method for finding violations to safety properties in shared-memory concurrent programs. Technically, BCS is a reachability problem that is known to be NP-complete. Our contribution is a parameterized analysis of BCS. The first result is an algorithm that solves BCS when parameterized by the number of context switches (cs) and the size of the memory (m) in O*(m^(cs)2^(cs)). This is achieved by creating instances of the easier problem Shuff which we solve via fast subset convolution. We also present a lower bound for BCS of the form m^o(cs / log(cs)), based on the exponential time hypothesis. Interestingly, the gap is closely related to a conjecture that has been open since FOCS\u2707....