The War Room
Question
Post
braintank
Politicker
13
Enterprise Account Executive
Have you watched the news or looked at your portfolio in the last 6 weeks?
AgastyaAdams
Politicker
7
Sales Development Manager
brain, recession and stock portfolios might not always be directly corelated.

but i hear you
braintank
Politicker
2
Enterprise Account Executive
True. The stock market isn't the economy.
cashmachine
Catalyst
1
AE (Account Executive)
people still watch the news? thatโ€™s a source for false anxiety, cmon now.
GDO
Politicker
3
BDM
I got an offer from Hubspot and refused it. Because of recession scares. My current employer will do better during a recession so Iโ€™ll stay for a while. And leveraged the offer for a rqise
Mobi85
Politicker
2
Regional Sales Manager
Different industries are getting affected differently. I can say for the industry that I am in we are busier than we have been the past 2 years and there is no slowing down in site.<br><br>The biggest issue that we could run into is the labor market and not enough people coming into the industry to keep the work flow going that could possibly become an issue with continued growth but it would continue to still be busy.
Skrtskrt
0
AE (Account Executive)
*Affected
Mobi85
Politicker
1
Regional Sales Manager
Fixed it for ya ๐Ÿ˜€ problem with typing quick and not proof reading
SaaSam
Politicker
1
Account Executive
It'll hit different people differently. We'll all feel it at the pump or grocery store to an extent but ultimately some will flounder and some will flourish. If you have capital, recession means buyer's market.
bassinshaps
Politicker
1
Territory Sales Manager
Even if you make the same amount as last year, it ainโ€™t gonna go as far this year. Iโ€™ll put it that way.
Better start grinding.
We are officially in a recession, and recessions affect most people. Itโ€™s a real
Challenge but you have to get over it and focus on individual performance.
jefe
Arsonist
0
Head of Sales
Recession is definitely coming, but I don't think it's necessarily going to be the doom and gloom that many are prognosticating
SaaSam
Politicker
2
Account Executive
It will for some and not for others. I think the reason it'll be less all-encompassing than previous recessions is due to COVID pushing a lot of companies to full remote. Operating costs are lower, less commuting means less spent on lunch and transportation.
jefe
Arsonist
2
Head of Sales
I just meant the economy overall, inflation is a pretty solid bellwether.

I agree though - thank God for Remote
TennisandSales
Politicker
0
Enterprise Account Executive
depends on the market you are in, depends on if you company overhired to try and skyrocket growth.

its hitting hard for a ton of companies. But much of this is out of our control. keep your head down and get shit done.
WenWest15
Executive
0
Principal Business Development Manager
Feeling it in tech recruiting. Hiring slow downs, pauses, restructuring and flat our rescinding offers is happening daily.
joco
0
Inside Account Executive
This isnโ€™t just a recession. This will be one of the worst economic periods in American history. You canโ€™t rack up exorbitant amounts of debt, become increasingly less competitive, destroy each other from within, print endless amounts of money (which devalues our currency) for decades, and expect to always be on top. Very likely that america loses our privilege of having reserve currency status, and when we do, that will be the most catastrophic economic consequence of our life time. Buckle up.
Vecna
Member
0
Sr. Account Executive
Recession is definitely here and it is changing your daily life. The average cost to do everything you were doing a year ago is much higher now and your pay probably hasn't matched that increase. Layoffs happening a lot which means more unemployment. Until inflation gets handled it will remain tough out there.
leestar1122
Member
0
SAE (Senior Account Executive)
This is a tough one.... For someone that lived through the crash of 2008 as an AE, as of now, the signals aren't nearly as catastrophic especially with the markets swinging upward again.

BUT, what makes this one really tricky is the fact that there are a number of factors at large here that can trigger a recession and perhaps even a worse one be at that since credit and liquidity is at an all time low right now. So if the United States does go through another 2008 event, then it would be unlikely a foreign player would take on some of our sovereign debt.

The industry that was most impacted in 2008 was the banking industry, which by orders of magnitude is far more significant than most industries including tech in both TAM and average market caps. For now, it seems like doomsday prepping is at an all time high right now and I don't agree with a lot of the moves companies are making, but who the hell am I to say.
DefaultSalesDude
Contributor
0
Director
My company monitors major trends like this and what we are seeing is that if inflation continues to be high as we get to Q4, CFOs will be cutting budgets. Personally, my deals have been pushed or paused.
25
How much money is "good money" to you? (right now)
Discussion
36
in USD/year
Ry Sa st
+167
Ryguy477 , ย  SaaStruthATX , ย  stackinracks ย  and 167 people voted
13
I'm just trying to make enough to live my life. Inflation sucks.
Question
23