About 10,000 jobs are being axed at Microsoft as the software giant becomes the latest US tech firm to announce hefty staff cuts in the face of an economic downturn.

Source: https://www.expressandstar.com/news/uk-news/2023/01/18/microsoft-axing-10000-roles-in-latest-us-tech-jobs-cull/

According to Nintendo executives, last year's downturn came as a result of supply shortages, not a decrease in demand.

Source: https://gamerant.com/nintendo-switch-production-boost-plans-2023/

A decline in demand for electronics and high inventory levels following a shortage of some chips have led to a downturn for the semiconductor industry.

Source: https://www.channelnewsasia.com/business/taiwans-tsmc-recruit-6000-engineers-2023-3324456?cid=cna_flip_070214

A downturn led to the launch of the National Automotive Industry Development Plan (NAIDP) in 2013/14.

Source: https://www.blueprint.ng/the-3-3bn-annual-auto-parts-import/

“After a resilient first quarter, the global economic slowdown is set to identify and there are significant risks of a long and deep downturn that will transmit from advanced to emerging economies, including India,” it said.

Source: https://www.financialexpress.com/economy/rbi-may-reduce-policy-rate-in-fourth-quarter-of-2024-oxford-economics/3106218/

After attaining a yearly pinnacle of $68.20 on Nov. 16, the digital asset underwent a significant downturn, settling at $55 as of November 21. This abrupt 20% decrease in just five days mirrors a broader trend within the cryptocurrency sphere, as…

Source: https://biztoc.com/x/04cf15f7109e8914?ref=ff

After facing a downturn for a while, the housing sector saw an upswing in 2022.

Source: https://www.freepressjournal.in/business/why-2022-witnessed-a-rise-in-real-estate-market-forces

Allin added the sharp downturn in the market should be a “bit of a wake up call” for VC investors who developed irresponsible habits during the pandemic, failing to do proper due diligence for their investments.

Source: https://fortune.com/2023/01/28/is-a-recession-coming-economy-freeze-ipo-vc-layoffs/

All in all, I don't see a catalyst for another major downturn, but this is something you want to keep a close eye on.

Source: https://seekingalpha.com/article/4638369-mowi-stock-eventually-this-will-stop-going-nowhere-i-say-buy?source=feed_all_articles

Already accelerated through the COVID-19 pandemic, 37 per cent of European CEOs are looking further to embrace new technologies and invest in digital transformation to emerge stronger from this downturn.

Source: https://timesofmalta.com/articles/view/ceos-eu-optimistic-recession-shortlived.1017165

Also, given our rate structure, we see up-market clients coming to us in a downturn in the economy, where they can get the talent of Biglaw at a lower cost.

Source: https://abovethelaw.com/2023/08/morrison-cohen-co-managing-partner-shares-his-thoughts-on-how-corporate-lawyers-can-succeed-at-midsize-firms/

Although the company has a massive backlog, it may not protect its revenue from an economic downturn.

Source: https://seekingalpha.com/article/4591161-wabtec-no-upside-and-low-dividend?source=feed_all_articles

"Americans are already suffering from the current economic downturn.

Source: https://gazette.com/news/us-world/nearly-50-senators-introduce-challenge-to-biden-esg-investing-rule/article_d680de44-bf2f-5f78-93b2-5e3a555a3eb1.html

Analysts praised Detroit for its budget management and revenue growth, but said the city remained vulnerable to an economic downturn and constrained by high poverty rates.

Source: https://www.nytimes.com/2023/07/16/us/detroit-bankruptcy-anniversary.html

And I do want to say that typically in a downturn, firm gets hit first then temp a bit.

Source: https://seekingalpha.com/article/4658708-gee-group-inc-job-q4-2023-earnings-call-transcript?source=feed_all_articles

And so a decent amount of the AI companies we’re talking about, the most well-funded ones, they raised a lot of their money before the current downturn in the market.

Source: https://hbr.org/podcast/2023/05/how-generative-ai-changes-strategy

And, you know, here we are in the depths of the downturn.

Source: https://seekingalpha.com/article/4633225-western-digital-corporation-wdc-presents-goldman-sachs-communacopia-and-technology-conference?source=feed_all_articles

A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed.

Source: https://biztoc.com/x/d752e77df5b243d9?ref=ff

A tabletop game industry expert shares lessons learned for staying ahead of an economic downturn in a crowded industry.

Source: https://biztoc.com/x/5b0ac88fdd0719dc?ref=ff

Bauer noted that the 2012 ballot issue was passed after the worst of the local and national economic downturn that hit the valley in 2009.

Source: https://www.vaildaily.com/news/your-property-tax-bill-in-eagle-county-isnt-likely-to-rise-70-despite-soaring-property-values/