Economic downturn stories

Once a 400-store giant of CDs and DVDs, Sanity has shrunk to a regional chain as downloads, streaming and rising costs reshape retail.

AI-powered contextual service is now make-or-break in Australia, with CX leaders warning one unresolved issue can lose a customer forever.

As AI reshapes marketing teams, experts warn of a global redundancy wave-and argue human experience is now the industry's rarest asset.

Companies appointing women CFOs see a 10% boost in shareholder returns, linked to broader experience and strategic leadership, a new report reveals.

Lightspeed's Asia-Pacific MD Nicole Buisson says AI and smarter tech are vital for Aussie hospitality to tackle inflation, labour costs and changing consumer habits.

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.

A recent Sendle survey reveals that 65% of Australian small businesses plan to tap into international markets for revenue growth amid rising costs.

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.

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.

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

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

There are three main areas that IT leaders must focus on when striving to ensure business continuity is maintained during the pandemic.

23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.

Digital camera sales decline due to market saturation and financial crisis; IDC projects a 2010 rebound driven by economic recovery and emerging markets.

Reducing travel by greater use of mobile applications is a sound move for reducing costs, and your carbon footprint.

A Micro Focus survey reveals most CFOs plan to invest in existing IT systems during the financial downturn to enhance efficiency and foster innovation.