2023 has been tough for a lot of organisations. As inflation got away on central banks interest rates headed north and all of a sudden it was all a bit different. What we’ve seen is that some were a bit drunk on cheap debt. Some organisations seem to have overhired. Others found that search for profitability was now seriously difficult. With tens of thousands having been let go in tech companies, there’s definitely been a chill.
What’s most interesting to me about economic downturns like these is how a lot of the things that are easy to say about values and mission and purpose all of a sudden become much harder. That’s when you discover whether a company has any integrity, or not. That’s when their real values can be seen.