In terms of their own companies, over 68% of respondents were optimistic about their financial prospects heading into 2024. Nearly 65% do not expect their company to conduct layoffs in the next six months, and more than 43% said their company is actively hiring. However, about a third of respondents said their companies are planning to cut costs this year, with headcount being the top line item for cost-cutting.
Key takeaways:
- Crunchbase News readers are more optimistic about the state of the economy and startup world going into 2024 than they were a year ago, with over 47% describing their outlook as "upbeat."
- Most respondents believe the biggest story in the tech world in 2024 will be related to AI, but they don't expect it to radically revolutionize the workplace this year.
- Readers were divided on whether to expect a rebound in the IPO market for VC-backed startups, with just over a third not expecting it to reopen in the first half of 2024.
- Over 68% of respondents were optimistic about their company or employers’ financial prospects heading into 2024, with nearly 65% not expecting their company to conduct layoffs in the next six months.