Your Company’s Responsible Guide to Staying Profitable in a Recession
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The recent trend of easy money and exorbitant valuations has skidded to a halt amid recent economic volatility. Understandably, many companies rode that wave as long as they could, but in doing so many prioritized growth over sustainability and sound leadership. Layoffs continue to ripple through the tech ecosystem, so employees both in this sector and elsewhere are feeling the consequences.
Having to let go of staff members is all but unavoidable in a company’s lifecycle, but there is always more that can be done to keep businesses afloat while preserving morale. Strategies can include responsible budgetary decision-making, thoughtful and prudent responses to external pressures and transparent dialogue with employees, to name a few. Such actions can help companies remain healthy, productive and profitable, even as they navigate challenging waters.
Brijesh Pathak is a seasoned journalist and editor at Daily News, bringing over a decade of experience in the media industry. Known for his sharp editorial insights and commitment to ethical journalism, Brijesh has covered diverse beats, including politics, business, and social issues. His leadership at Daily News has been instrumental in delivering impactful stories that inform and inspire readers. Passionate about storytelling, he combines traditional journalism values with modern approaches to keep audiences engaged in today’s fast-paced news environment.