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Industry Layoffs 2022 Comparison Bar Chart

Industry Layoffs 2022 Comparison Bar Chart

Present the data from your industry research clearly and objectively with this industry layoffs 2022 comparison bar chart.

As the saying goes, "what goes up must come down." With the current state of the economy, even high-flying startups are feeling the heat. In the technology sector, a company executive emailed its portfolio founders, warning them to "plan for the worst." The startup accelerator cautioned that the downturn would likely affect "international companies, asset-heavy companies, low margin companies, hard tech, and other companies with high burn and long-time to revenue." This news isn't surprising, given the current state of the economy. But it does mean that founders and investors must be prepared for a potential slowdown or a recession. So what can startups do to weather the storm? Here are a few tips: 1. Be realistic about your hiring goals. It's no secret that hiring has been booming in recent years. But in a downturn, you may need to rein in those ambitions. Be pragmatic about how many new employees you can afford, and don't be afraid to freeze or even reduce headcount. 2. Be careful with your spending. Being mindful of this is especially important for startups burning through cash at a fast