The Pain Is Real. So Is the Optimism.

Nov 23, 2022
Kate Walton

Hello from Steyer, where instead of my usual exclamation point (“Hello from Steyer!”) I’m going with a more mood-appropriate comma, plus the unsurprising update that business conditions remain very tough.


As I explained last time, our managed work portfolio has sustained us in this difficult year, but that’s at the accounting level. At the human level⁠—the level at which each of us experiences our work⁠—it’s been a painful stretch, with client-side budget cuts leaving too many of our talented people unemployed or underemployed.

Over in Steyer’s back office, we are throwing everything we’ve got at the problem of finding additional work to sustain as many good jobs as possible. We are actually expanding our engagements with a few current clients. We are also prospecting at new companies, and in new industries. And we’re optimistic.

“Information is a form of comfort,” wrote Jon Mooallem in his remarkable book This Is Chance. I believe that. That good content meets a need so deep and enduring I’d group it with food and water. Which is to say: there will always be demand for sound information delivered in a compelling way, and in time that need will once again secure its fair share of corporate budgets. The challenge in the meantime, I think, is to endure a wrenching correction⁠—and emerge from it wiser.

Thanks for reading,

Photo by Kenny Eliason on Unsplash