Citadel’s Ken Griffin Says Work-From-Home May Fuel Corporate Job Cuts
The hedge fund founder said he expects that rate to climb into the “low 4s” next year from the current 3.9%, but said some companies may cut more than expected.
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Citadel founder Ken Griffin sees one side effect of years of working from home: companies may find it easier to fire people.
“What worries me in a hybrid work environment or work-from-home environment, the cultural or social contract that holds people together in a company is unquestionably weaker,” Griffin said Tuesday in a wide-ranging interview at his firm’s inaugural global macro conference in Miami. “That worries me in terms of willingness of corporate America to make cuts in the workforce.”