Executives are freezing hiring or cutting jobs and curbing spending in areas including travel, marketing and software in the face of falling stock prices and an economic slowdown that threatens to turn into a recession. Investors, meanwhile, are reducing their deal flow, in some cases dramatically.
Those conclusions emerge from a subscriber survey conducted by The Information to gauge responses to the downturn. More than 700 subscribers responded, including 388 who said they are founders or executives at companies.
Around half of the 715 respondents said they work at technology companies; another quarter work in finance or media. Three-fourths work at private companies and one-fourth are based in the San Francisco Bay Area. A fourth have never been through a downturn before.