November 16, 2023
During a downturn, engineering managers must rethink their budgets, focus on running efficient services, and motivate their team through difficult times.
The macroeconomic situation in 2023 has been challenging to say the least. Inflation has run rampant, interest rates have soared to counter that, and the threat (or reality) of a prolonged period of recession or economic stagnation is something that we are all contending with.
This latest economic shock comes hot on the heels of the COVID-19 pandemic and has rattled CFOs worldwide, causing them to tighten the purse strings and batten down the hatches just in case the world’s economic problems persist.
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November 16, 2023
