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Started By
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Michael Burry: The white collar employment bubble is bursting right before our eyes
Posted on 9/26/22 at 5:53 am
Posted on 9/26/22 at 5:53 am
23
Posted on 9/26/22 at 5:56 am to tiggerthetooth
WFH?
Posted on 9/26/22 at 5:58 am to Jimbeaux
Work from home.
Posted on 9/26/22 at 5:59 am to Jimbeaux
Those who choose to completely work remotely will realize how much easier it is to be fired. It’s no longer an employees job market
Posted on 9/26/22 at 6:03 am to tiggerthetooth
Cuts both ways.
Easier to hire or fire someone like that, also MUCH easier to not have to spent a ton of rent on expensive office space in NYC. LA, SF, Chicago, etc, which in turn cuts overhead significantly.
Easier to hire or fire someone like that, also MUCH easier to not have to spent a ton of rent on expensive office space in NYC. LA, SF, Chicago, etc, which in turn cuts overhead significantly.
Posted on 9/26/22 at 6:05 am to teke184
quote:
Cuts both ways.
Easier to hire or fire someone like that,
Yeah, it's unclear what Burry means by "culprit" here as it relates to WFH.
Posted on 9/26/22 at 6:07 am to tiggerthetooth
There's a lot of administrative fat in nearly all companies.
He's right.
Lots of White Collar folks will get the axe.
After their smugness during Rona ...... "Just work from home!!!" I don't feel bad.
He's right.
Lots of White Collar folks will get the axe.
After their smugness during Rona ...... "Just work from home!!!" I don't feel bad.
Posted on 9/26/22 at 6:08 am to Privateer 2007
quote:
After their smugness during Rona ...... "Just work from home!!!" I don't feel bad.
Whose smugness? You don't feel bad about the economy entering into a recession and people losing their jobs?
Posted on 9/26/22 at 6:14 am to teke184
When I heard the chemist I hired was wfh and only coming in to work one day a week I knew something was wrong. When we created the position it was 2/3 hands on work. What has occurred is that the unit has eliminated all but essential testing and that is done by the shift techs. I hope some of these wfh employees understand that they may be proving themselves expendable.
Posted on 9/26/22 at 6:16 am to tiggerthetooth
They could start with PMO and HR.
Posted on 9/26/22 at 6:16 am to tiggerthetooth
Michael Burry is short the market and is using his platform/notoriety to try and drive it down further.
Just like Kathy Woods is trying desperately to prop it up.
Just like Kathy Woods is trying desperately to prop it up.
Posted on 9/26/22 at 6:18 am to Realityintheface
quote:
Michael Burry is short the market and is using his platform/notoriety to try and drive it down further.
Definitely has a little to do with it.
Posted on 9/26/22 at 6:18 am to tiggerthetooth
Its also extremely hard to train the next generation.
Posted on 9/26/22 at 6:19 am to tiggerthetooth
I would imagine a lot of DEI and HR positions are on the block in the impending layoffs. A lot of those positions are redundant, unnessecary, overhead, and people who want to exclusively WFH.
Posted on 9/26/22 at 6:21 am to Mo Jeaux
(no message)
This post was edited on 4/14/23 at 2:21 pm
Posted on 9/26/22 at 6:23 am to tiggerthetooth
Burry is a fear monger.
Posted on 9/26/22 at 6:23 am to Realityintheface
He also has a different hot take prediction every month. For some reason my phone news is always telling me about them, he really enjoys the attention
Posted on 9/26/22 at 6:30 am to Ed Osteen
quote:
He also has a different hot take prediction every month. For some reason my phone news is always telling me about them, he really enjoys the attention
No doubt that Hollywood inflated the ego.
I'm also not sure why the focus on this as if he's being especially prescient. Yeah, news flash, we're heading into some not so good economic times. The WFH statement just seems to be fodder for generating attention.
Posted on 9/26/22 at 6:30 am to Jimbeaux
White fricking house
Posted on 9/26/22 at 6:33 am to Privateer 2007
What do you do for work?
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