Most technology companies believe that a recession will likely occur in the next year, with 88% of respondents expressing this sentiment. However, many feel that they are not well prepared for a recession, with 21% of companies saying they are not well prepared and 4% being unsure. Despite this, 98% of tech companies plan to take action to help them survive a recession, with the top three actions being focusing on customer retention, adding automation software, and cutting operating expenses. The amount of VC funding received, burn rate, and annual recurring revenue (ARR) can impact how well prepared a company feels and how long it is likely to survive a recession. While some companies feel confident that they can survive a two-year or longer recession, others do not think they will be able to last more than a year. The survey also found that founders feel the least confident in their company's ability to survive a recession, while employees are more optimistic. Ultimately, tech companies believe that they can successfully weather a recession by taking proactive steps such as focusing on customer retention, automation, and cost-cutting measures.