As technology companies confront heightened global challenges, they should work to mitigate risks and build more resilient systems. Leaders should think strategically about their choices of partners, where they’re located, and where and how production takes place. Beleaguered by softening consumer spending, lower product demand, and falling market capitalizations, many tech companies’ C-suites are feeling the urgency to increase margins and grow revenues. Beyond workforce adjustments, approaches may include making business processes more efficient, relying more heavily on intelligent automation, modernizing legacy architectures, and considering strategic mergers and acquisitions.
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