7 ways CIOs can curb costs before recession hits

What does it mean to be an influencer in the workplace, why does it matter, and how do you get there? If IT leaders aren’t already thinking about the impact of an economic recession, their CEOs certainly are. In fact, nearly 8 in 10 business leaders expect a recession in their primary region of operation within the next 12 to 18 months — or believe one is already under way, according to the Conference Board’s C-Suite Outlook Mid-Year. Among CEOs surveyed globally, 15% believe recession has already taken hold while another 61% expect a recession will arrive before the end of 2023. “While recessions are inevitable, we never know when they will hit,” says Dan Roberts, president at Ouellette & Associates and host of the Tech Whisperers podcast. “There is a tricky balancing act at play. C-suite leaders can’t hit the brakes and risk missing market opportunities. But on the flipside, if they continue to invest at the same levels and the economy tanks, they run the risk of spending getting out ahead of revenue.”