COVID-19: impact on tech companies' revenue and expenses worldwide 2020

In 2020, the COVID-19 pandemic has negatively impacted the revenue of tech companies worldwide, resulting in cost-cutting. Of respondents, 39 percent saw a reduction in expenses and 15 percent saw a large reduction in expenses these past few months. Accordingly, over half the respondents for both revenue and expenses saw some form of a reduction in these past few months since the beginning of the pandemic.