With a recession on the horizon, what should be researched to understand how recession proof a company may be?

Anonymous

June 23,2022 at 5:41PM UTC

Welcome to Fairygodboss!

We’re the largest online career community helping women achieve their career goals. Gain access to articles, jobs, events, and a supportive network of women and allies. Membership is free, always.

With a recession on the horizon, what should be researched to understand how recession proof a company may be?

I am currently working for a tech company in marketing. I have been looking lightly for a new position as I am not thrilled with the direction the company is taking. One company I am interviewing with seems great, however I am nervous about the recession coming and do I just stay put and ride it out or make a change? What are some areas to research or questions to ask the new company about how they feel they will manage through a recession?

Why women love us:

Daily articles on career topics
Jobs at companies dedicated to hiring more women
Advice and support from an authentic community
Events that help you level up in your career
Free membership, always

4 comments

Share your insight

Join an authentic community that helps women support each other at work. Share your professional experience or ask for advice — you can even post anonymously.

4 Comments

Join the conversation

AnonymousJune 23,2022 at 6:56PM UTC
1. How well funded are they?
2. Are their products/services necessary to a wide range of industries and or people?
3. How strong are their Financials?
4. Are they ripe for a sale or merger.
Krystin MorganJuly 1,2022 at 6:42PM UTC
These are great things to look into!
I'd also note that some jobs are just less recession-proof than others, and marketing is unfortunately one of them (OP, I feel your pain because so is recruiting, my longtime career). You could dig in to how their marketing department fared during the last downturn(s).
JJJune 23,2022 at 6:58PM UTC
AirBNB and Uber were born during the last recession so not all tech companies will be in trouble. Picking the winners will be hard, but many will survive and thrive.
AnonymousJune 23,2022 at 7:50PM UTC
I'm having the same thoughts right now. I'm not sure whether it's safer to stay with the company you know or go for a new one. Why would you feel safer leaving your current company?