Posted 11/14/2023, 7:07:29 PM
Griffin: Work From Home Could Weaken Culture, Enable More Layoffs
- Ken Griffin says work from home may weaken corporate culture and make it easier for companies to cut jobs
- He expects the unemployment rate to climb into the "low 4s" next year from 3.9% currently
- Griffin says some companies may cut more jobs than expected due to weaker corporate culture
- He notes people are often fired remotely now via email or video calls rather than in person
- Griffin made the comments during an interview at Citadel's inaugural global macro conference in Miami