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tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
56414 posts
 Online 

Michael Burry: The white collar employment bubble is bursting right before our eyes



Jimbeaux
LSU Fan
Member since Sep 2003
18970 posts

WFH?


blowmeauburn
LSU Fan
Baton Rouge
Member since Sep 2006
7528 posts
 Online 

Work from home.


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422
r0cky1
LSU Fan
Member since Oct 2020
1544 posts

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


teke184
LSU Fan
Zachary, LA
Member since Jan 2007
80491 posts
 Online 

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.


Mo Jeaux
LSU Fan
Member since Aug 2008
52139 posts

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.


Privateer 2007
UNO Fan
Member since Jan 2020
5293 posts

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.


Mo Jeaux
LSU Fan
Member since Aug 2008
52139 posts

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?


mauser
LSU Fan
Orange Beach
Member since Nov 2008
14380 posts

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.


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911
schexyoung
LSU Fan
Deaf Valley
Member since May 2008
6361 posts

They could start with PMO and HR.


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Realityintheface
USA Fan
Member since May 2022
1784 posts

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.


Mo Jeaux
LSU Fan
Member since Aug 2008
52139 posts

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.


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260
BlackPawnMartyr
Alabama Fan
Houston, TX
Member since Dec 2010
14084 posts

Its also extremely hard to train the next generation.


Swagga
New Orleans Saints Fan
504
Member since Dec 2009
14156 posts

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.


msutiger
Louisiana Tech Fan
Shreveport
Member since Jul 2008
68015 posts
 Online 

We also have to consider that there are still a shite ton of unfilled white-collar positions.

Labor participation continues to be stagnant.

While we are headed to a serious recession, this isn’t a normal one. I’m not sure anyone can accurately predict what this one will look like


RummelTiger
LSU Fan
Texas
Member since Aug 2004
87397 posts

Burry is a fear monger.


Ed Osteen
New Orleans Saints Fan
Member since Oct 2007
56174 posts
 Online 

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


Mo Jeaux
LSU Fan
Member since Aug 2008
52139 posts

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.


LSU-MNCBABY
USA Fan
Knightsgate
Member since Jan 2004
23593 posts

White fricking house


NIH
LA-Lafayette Fan
Member since Aug 2008
109139 posts
 Online 

What do you do for work?


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