Remove Economics Remove Numbers Remove Restructuring Remove Sales
article thumbnail

Setting Your B2B Sales Strategy in a Downturn

CFO News Room

For sales teams selling to clients in cost-cutting mode, this requires new tactics. With many organizations, we are seeing sales force reductions that parallel the layoff announcements. At others, we see sales force hiring freezes. And every sales organization is rethinking its strategy and scale.

B2B 100
article thumbnail

Company insolvencies rise 32% in December

Accountancy Today

There were 1,964 company insolvencies in December 2022, up 32% compared with December 2021 (1,489) and 76% higher than the number registered three years previously, according to the latest figures from the Insolvency Service. IVA numbers also ranged from around 6,300 to 7,800 per month over the past year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Sizzle Fizzle: Virus May Weaken China’s Economic Growth

PYMNTS

McDonald’s has halted operations in a number of cities amid the outbreak. As reported by the Economist Intelligence Unit and relayed in the South China Morning Post , the Wuhan virus could hit China’s economic growth by 50 basis points to a full percentage point. And there’s another impact as a result of the virus.

article thumbnail

Stripe Says SCA Puts Billions Of Online Sales At Risk

PYMNTS

That could result in lost sales. Collison said the rules will require every European merchant to restructure their checkout process. “It’s A survey commissioned by Stripe found that the EU could lose €5bn in economic activity in the first year after the rules take effect.

Sales 66
article thumbnail

List of Layoff Announcements So Far in 2023

The Finance Weekly

While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. CEO Marc Benioff took some level of responsibility in a statement: “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”.

Economics 105
article thumbnail

Why 2021 Is No Sure Bet For An SMB Rebound

PYMNTS

There can be an economic impact from that sadness — and a lack of spending.”. The muted outlook for the future comes against a backdrop, where businesses — large and small, across any number of verticals — are navigating unprecedented impact on cash flow. The liquidity challenges are towering, he said. FinTechs To The Rescue?

article thumbnail

Manifesting Retail’s Week Of Revolution

PYMNTS

Pricing also depends on more intangible factors such as sales, operations and marketing. We’ve seen Ralph Lauren come close to economic trouble, arguably because the department stores and boutiques that have not been open for a good part of Q2 have either underperformed or have not performed at all.