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Started By
Message
re: Michael Burry: The white collar employment bubble is bursting right before our eyes
Posted on 9/26/22 at 6:34 am to Swagga
Posted on 9/26/22 at 6:34 am to Swagga
quote:
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.
You’d think so, but the demand for “diversity” is still strong.
1
Posted on 9/26/22 at 6:35 am to Mo Jeaux
The work from home people were bullies to us work from plantation people
News flash: work isn’t supposed to be enjoyable
The work from homers are gonna be begging to get back in the wage cage but it’ll be too late
News flash: work isn’t supposed to be enjoyable
The work from homers are gonna be begging to get back in the wage cage but it’ll be too late
Posted on 9/26/22 at 6:35 am to LSU-MNCBABY
quote:
White fricking house
That what I was hoping he was saying
Yeah FJB. Get em Michael Burry
Posted on 9/26/22 at 6:45 am to tigerpimpbot
Steve Correl was great playing Burry in the big short.
Posted on 9/26/22 at 6:46 am to TDTOM
quote:
Steve Correl was great playing Burry in the big short.
Posted on 9/26/22 at 6:46 am to TDTOM
That was will feral dude
Posted on 9/26/22 at 6:48 am to Swagga
quote:
would imagine a lot of DEI and HR positions are on the block in the impending layoffs
Not with ESG dominating investments and capital, unfortunately
Posted on 9/26/22 at 6:49 am to Mo Jeaux
You are right. It was Christian Bale. My bad.
Posted on 9/26/22 at 6:50 am to r0cky1
quote:
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
Company I used to work for went full remote in 2020. It’s way easier to fire people in that environment. Most of the dept I was in has been let go since I left.
Posted on 9/26/22 at 6:58 am to NIH
quote:
what do you do for work
Petrochemicals.... manufacturing. I support a few different units.
During Rona, I was astounded at the amount of people I knew who'd say "just work from home!!!". As if all jobs can do that.
I agree with other posters who've pointed out that many people have proven themselves redundant and are about to be in trouble.
Posted on 9/26/22 at 7:13 am to BlackPawnMartyr
quote:
Its also extremely hard to train the next generation.
We've done it just fine for a couple hundred years. What's changed?
Posted on 9/26/22 at 7:20 am to tiggerthetooth
IMO Leadership roles in tech aren't great WFH candidates, but pretty much anyone below that on the actual tech side of the company is pretty safe. This basically lands on the engineering group, product group, and design group.
I've had online meeting with these people sitting in the same building. It's the nature of the business.
I've had online meeting with these people sitting in the same building. It's the nature of the business.
Posted on 9/26/22 at 7:21 am to Privateer 2007
quote:
During Rona, I was astounded at the amount of people I knew who'd say "just work from home!!!".
If you LTC! you can WFH!
Posted on 9/26/22 at 7:22 am to wadewilson
quote:
We've done it just fine for a couple hundred years. What's changed?
People have changed. They've been mislead about their worth, and they can't handle a sneeze properly. Their attention span is fleeting. They want the moon, when they haven't earned dirt. It's like herding cats.
Posted on 9/26/22 at 7:24 am to teke184
My headquarters likely gonna be wiped out. Be tough to fire the remote guy. Hell I may be running shite in 3 different departments
Posted on 9/26/22 at 7:24 am to Privateer 2007
Overpaid administrators are a big problem for a lot of companies, interesting to see what happens.
This post was edited on 9/26/22 at 7:25 am
Posted on 9/26/22 at 7:26 am to Cajunhawk81
quote:
People have changed. They've been mislead about their worth, and they can't handle a sneeze properly. Their attention span is fleeting. They want the moon, when they haven't earned dirt. It's like herding cats.
Okay, boomer.
Posted on 9/26/22 at 7:29 am to Mo Jeaux
quote:Burry means that WFH will be unfairly blamed. WFH exposes - at least in tech in my experience - how unnecessary and redundant some jobs are in a technology organization. That was always my observation and biggest complaint looking back on my 20+ working for tech companies. Outside of sales and development, what in the hell are all these people doing? Nattering and poor work ethic are pet peeves of mine.
Yeah, it's unclear what Burry means by "culprit" here as it relates to WFH.
This post was edited on 9/26/22 at 7:32 am
Posted on 9/26/22 at 7:30 am to r0cky1
quote:
Those who choose to completely work remotely will realize how much easier it is to be fired.
I told my teams that here are our companies terms:
1. You are free to work from home if you desire it and are able to complete 100% of your tasks from home.
2. Those that choose to work from home will still be reviewed for cost of living or performance raises when indicated.
3. Those that choose to work from home are not considered for promotion or upper level management.
My reasons?
I cannot place you in my most trusted positions if I do not interact with you regularly.
A. Character matters.
B. Temperament matters.
C. How quickly you solve problems and resolve conflict in the moment matters.
I can judge none of these by emails.
What did I “not” tell my work from home employees? That If they prove to me that their job can be done at home - the job market of competition for them is open across the globe.
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before. I was sad to let those people go but business is business when we don’t share space and form relationships.
I was in the process of evaluating replacing our IT department with overseas as well. However, in a coincidental event, after we fired the billing team - the entire IT team came back to the office except for one guy who wife is battling cancer. He is a great worker and I support his working from home.
Just to give you guys some history on our company - we have only fired 3 people in the last 8 years before this WFH concept began. We have a great work environment that supports anyone who needs support for a crisis. But we have no intention of supporting your personal job flexibility desires.
Posted on 9/26/22 at 7:35 am to tiggerthetooth
Companies have seen huge dips in productivity since WFH started but have also noticed many jobs just aren't needed.
That and with more AI coming into play it might be time for those people to learn to plumb or weld
That and with more AI coming into play it might be time for those people to learn to plumb or weld
This post was edited on 9/26/22 at 7:52 am
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