Economic downturn stories

Nearly half of 500 Australian workers surveyed by Humanforce have changed jobs in the past year, prioritising work-life balance and wellbeing over higher pay.

During recessions, businesses often cut charitable giving to protect their bottom line, but GravityLab urges Kiwi firms to keep funding social justice initiatives.

As high interest rates and inflation squeeze, two-thirds of Australian small businesses target international markets for growth, with 48% anticipating up to 25% sales increase in FY25.

Australia's fintech deal value sunk by 76% to US$587m in 2023, a six-year low, amid a worldwide investment downturn, reports KPMG's Pulse of Fintech.

Auvik's latest trend report highlights a surging interest in Wi-Fi 7, cloud security, and 'cloud cost' amid a complex tech landscape.

IT professionals' mental health impacted by reduced cyber security budgets, Integrity360 survey shows.

Equinix's latest report reveals Australian mining leaders maintain optimism amidst geopolitical and economic challenges, acknowledging technology's crucial role in industry adaptation.

Centrix partners with global data aggregator Envestnet | Yodlee to enhance financial data improving bank feeds for New Zealand. .

Over 80% of Australian consumers rely on user-generated content to influence purchase decisions, finds Bazaarvoice.

With the economy in a state of flux, a proactive, a high-performing Finance and Accounting team is the best asset an organisation can have.

According to the survey, 15% of senior SME leaders are willing to commit accounting/tax fraud or evasion to ensure survival.

Over a third of Australian companies have made lay-offs in the last year, according to a study by Capterra. Find out more here.

Huawei Cloud's new Digital Workspace package is designed to help SMBs keep up with digital transformation amid economic uncertainty.

Throughout 2023, CFOs need to explore how to manage their spending during a recession and look beyond just cutting budgets or reducing expenses.

After a year of unexpected challenges for CFOs, they are looking increasingly to automation and technology to manage what comes their way.

With another recession looming, retailers must prioritize customer experience and mitigate developer burnout to survive and thrive.

Companies are finding that their bills are rising as they harness the cloud to use new technologies and explore new opportunities.

CIOs have an opportunity to take a comprehensive look into the health of their IT infrastructure, and in particular, end-user experience.

IDC says that the full-year market size neared the level ten years ago when two out of five mobile phone shipments were still feature phones.

How can businesses navigate an economic downturn? Invest in compliance, marketing, R&D, and customer service, say experts.