"The Job" is no longer a secure go to.

[CTO114]

Witnessing huge layoffs from employment giants like PayPal, Dell and Uber, something is definitely has definitely change in the job space that's not talked of as  much.

For a long time now, getting into a good company brought about the feeling of finding a home. You work hard, stay loyal, climb the ladder, And then expect the company to reward such a loyalty with stability. Well, in today's reality, that is no longer the case.

Companies often have targets, shareholders obligations to fulfill, competition, and operating costs to all to navigate. If the numbers no longer make sense then drastic actions need to be undertake.

Personally I don't think it's about the company being evil, but more about incentives. A company can value an employee but still decide that keeping that employee doesn't make economic sense.

A very uncomfortable lesson.

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

[Zlantann]

A very uncomfortable lesson.

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

Some jobs are still stable. Working for the government as a civil servant still has some level of job security. This is because there are statutory processes to lay off workers. In my country, the process is so complicated that the government prefers to avoid it. I am not saying that civil servants cannot be laid off (an example is Elon Musk cutting U.S. Jobs via DOGE), but it is more complex than in private organizations. It is common to see public servants suing the government and getting favorable judgments.

Depending on only one source of income is becoming a risk. Even as civil servants, building financial safety nets is essential. The days of financial recklessness are becoming over. Every penny would have to be invested in an asset or product that will serve as a cushion from financial problems. Learning addiction skills has become very easy with the internet, and I see many workers taking advantage of it. Combining work with a small-scale business could also be helpful on rainy days.

[Nathrixxx]

No job does not have its own advantage and at the same time disadvantages, when we talk about job security, there are so many factors we have to consider, and we must be able to balance them and ensure that each fits the same applicable conditions for why we wanted to get hired for a particular job and maintain it.

Being self employed also has its advantages and disadvantages, and at the same time working under government or any private and corporate bodies also have the benefits and some demerits that come along with our choice, which is why we must always ensure that we consider both conditions and see how the amicably applied to what we wanted before going for any.

[MArsland]

In today's uncertain economic conditions, especially in developing countries, workers survive no longer because they are comfortable, but because they are easily replaced at any time. There is no guarantee that it can last more than 20 years, therefore many try to enjoy it more than not. I mean sometimes we just need to survive as long as possible while upgrading skills. When the time comes for large-scale layoffs to occur at least we have a plan afterwards.

I often notice people where I live working in shoe and clothing factories, and electronics work as if they are irreplaceable. While the development of Robotics is becoming more and more massive, gradually such employees are the first to scream as a result of their work being diverted by robots.

Growing awareness and constantly monitoring the shift should really be the main concern, so that whenever it happens at least be ready with the alternative.

[BIT-BENDER]

Witnessing huge layoffs from employment giants like PayPal, Dell and Uber, something is definitely has definitely change in the job space that's not talked of as  much.

For a long time now, getting into a good company brought about the feeling of finding a home. You work hard, stay loyal, climb the ladder, And then expect the company to reward such a loyalty with stability. Well, in today's reality, that is no longer the case.

Companies often have targets, shareholders obligations to fulfill, competition, and operating costs to all to navigate. If the numbers no longer make sense then drastic actions need to be undertake.

Personally I don't think it's about the company being evil, but more about incentives. A company can value an employee but still decide that keeping that employee doesn't make economic sense.

A very uncomfortable lesson.

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

If there are massive lay off from these giant companies like you mentioned it is always a news because it isn't something that occurs all the time, and almost always these companies have a reason good or bad for acting in such manner.
Job security is still a thing but these companies can't function fully if they don't make some hard decisions that includes laying off when ever their economy requires it.
This is not an excuse for them but it's best not to just conclude but seek the reason why these companies are laying off their workers and draw a rational conclusion.

[Egii Nna]

Witnessing huge layoffs from employment giants like PayPal, Dell and Uber, something is definitely has definitely change in the job space that's not talked of as  much.

For a long time now, getting into a good company brought about the feeling of finding a home. You work hard, stay loyal, climb the ladder, And then expect the company to reward such a loyalty with stability. Well, in today's reality, that is no longer the case.

Companies often have targets, shareholders obligations to fulfill, competition, and operating costs to all to navigate. If the numbers no longer make sense then drastic actions need to be undertake.

Personally I don't think it's about the company being evil, but more about incentives. A company can value an employee but still decide that keeping that employee doesn't make economic sense.

A very uncomfortable lesson.

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

Jobs especially from Private organizations or companies have not been certain and secured as far as I know, it is not like the government jobs that are guaranteed to be secure till retirement, the companies layoff employees at their discretion especially when there is strong need to do so.

 The company needs the maximum profit from their operations and when they get the opportunity to reduce operational costs by reducing their employees, then they will take it. That is why many big companies nowadays layoff employees because of how cheap AI can replace those roles.

There is no evil here, these companies run a business and a business will always go for higher profits and as an employee working for them you need to be ready for anything because you were not given any guarantee it will last when you got the job.

The world is changing fast, so the mindset of people needs to change from looking for a job that last to running a business or building a good skill that is needed.

[Moreno233]

Volkswagen is also among the company that is laying off workers as the plan to lay off 50,000 workers to bring the total plan lay off to 100,000 by 20230. Anyone that is not worried by this trend is definitely living in denials because traditional jobs are changing due to technological innovation. This new reality should not only been seen from a negative light because it also come with a positive side which is a new opportunity for more people to get rich doing little and such opportunity available for a lot of people. Those who will key into the demand of latest technlogy will definitely benefit from this new technologies.

[coin-investor]

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

There is no security of tenure now in this era of new technologies; we have AI, and now automation, and the worst job creation in the workforce is subcontracting.

Companies and organizations just hire agencies to do and finish a job for them, so they don't have an obligation to give you insurance, perks, and other forms of rewards to employees. The best thing that a person can do is to level up his skill so he can set up his own business or not be out of a job, and makes him indispensable

[aoluain]

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

Absolutely.

The system is designed for the minortity to prosper greater than the majority. Employment is like
slavery, when you are not needed anymore you dont matter.

The idea is designed that the minority can prosper on the back of what the minority create. Often
employee welfare and rights and decent pay are denied for want of greater profit.

Part of the system is that we tie ourselves to the banking system where we are enslaved until
retirement age. We enslave ourselves to the banks for the "need" to own desirable consumables
which we really cannot afford and often dont actually need.

Financial independence, self sufficiency ^{as much as possible}, bulding real world practical
skills and connecting with real people are all extremely important - especially in todays world.

[Leahized]

Every largest companies have laid off employees in various countries. At first glance, this is indeed an uncomfortable situation. It has become serious to tackle this. Is it even possible to cope with this or to survive against it? Perhaps, in the next 4 to 5 years, only a few institutions will remain. Where employees will feel comfortable with their jobs. In my country, it has become increasingly serious day by day, and it is becoming difficult to hold onto jobs. A few days ago, a report mentioned that nearly 6 million employees will lose their jobs within the next year.

To be honest, this number is very large. Because in my country, the unemployment rate has been continuously increasing for the past 10 years. And accordingly, it could take on a pandemic form in the future. Even yesterday, fuel prices increased by 15%. And along with this, employment is decreasing. Therefore, as an alternative focus should be given to the agricultural sector.

[m2017]

Witnessing huge layoffs from employment giants like PayPal, Dell and Uber, something is definitely has definitely change in the job space that's not talked of as  much.

Are you only just noticing these changes, which have actually been manifesting quite frequently for some time - even in major companies like Google and Microsoft?

Businesses are always trying to optimize their operations (and costs).

For a long time now, getting into a good company brought about the feeling of finding a home. You work hard, stay loyal, climb the ladder, And then expect the company to reward such a loyalty with stability. Well, in today's reality, that is no longer the case.

I particularly liked phrases like "we are working towards a common goal", "we’re a family," and other such nonsense. As long as a company can squeeze resources (time, skills, expertise) out of an employee, they call that person "family". But the moment that employee becomes too costly to keep or a financial liability, they are promptly let go.

Shouldn't harbor the illusion that a "good company" is your family or expect loyalty (or stability) from it. At any moment, an employee can cease to be part of this company.

Companies often have targets, shareholders obligations to fulfill, competition, and operating costs to all to navigate. If the numbers no longer make sense then drastic actions need to be undertake.

Nothing personal - it’s just business. Where the employee is expendable.

Personally I don't think it's about the company being evil, but more about incentives. A company can value an employee but still decide that keeping that employee doesn't make economic sense.

Personally, I view a "company" as an abstract concept - something inanimate that doesn't actually exist in the real world (it is merely a name in a registry or legal documents, where the "body" consists of temporary staff, and the office only becomes the "company" as long as the sign bearing its name is hanging outside).

Real decisions aren't made by some abstract "company," but by specific individuals - top executives. If you have strong social ties with them, would they really fire an employee who is valued (which isn't the same thing as having actual, tangible value to the company) but whose retention makes no economic sense?

A very uncomfortable lesson.

This is the harsh truth of life.

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

This is what’s known as having a "Plan B" - or better yet, plans "C" and "D" as well. It’s essentially diversification: placing your bets on various avenues rather than worshipping your employer and your job as if they were a deity or your sole means of survival.

The ideal scenario is to be a sought-after, rare specialist, independent and free, ready to switch partners or employers at a moment’s notice (should they decide the collaboration is no longer economically viable).

What could be more naive than "sacrificing yourself" for a company that would just as soon discard you tomorrow, treating you like nothing more than a disposable commodity?

[DubemIfedigbo001]

For a long time now, getting into a good company brought about the feeling of finding a home. You work hard, stay loyal, climb the ladder, And then expect the company to reward such a loyalty with stability. Well, in today's reality, that is no longer the case.

Companies often have targets, shareholders obligations to fulfill, competition, and operating costs to all to navigate. If the numbers no longer make sense then drastic actions need to be undertake.

Companies, especially private ones now keep those who they consider valuable. Now it's no longer about being employable, but remaining employable as time goes on. There's lots of systems that can invalidate your services like automation systems, AI, e.t.c. I've built an internal accounting system that allows just one accountant to handle all records and reports that falls under a specific accounting discipline, invalidating the need for several non tech savvy accountants and they were laid off. The times have changed, the only way to retain your spot is regularly updating your value to match with what is in-demand. I believe the job security for private firms now depend more on your level of productivity and quality and not just being employed to do the most basic things that automated systems can handle with ease. It's not about staying loyal, but staying valuable and productive.

[Powerjumboo]

People are not always treated very well in company jobs, and there are also some companies that do not treat people very badly, but they do treat them well with time. However, to choose a company job and find reliability there, you must examine that company carefully and decide whether you can be permanent there or not. However, if you can arrange a government job, it is best, because if it is a government job, then it will definitely be permanent and you will not have to think much about the future.

Your future life can be spent in the job, because currently government jobs are the most trusted place for people, but company jobs are not at all a trusted place for people, because no matter how famous a company is, it cannot guarantee you a permanent job. Because as long as you can work in a company and as long as you have physical strength, they will keep you in that company and make you work hard, but whenever you become weak, they will try to throw you out of there. So of course everyone should try a government job.

[Majestic-milf]

There is no security of tenure now in this era of new technologies; we have AI, and now automation, and the worst job creation in the workforce is subcontracting.

Companies and organizations just hire agencies to do and finish a job for them, so they don't have an obligation to give you insurance, perks, and other forms of rewards to employees. The best thing that a person can do is to level up his skill so he can set up his own business or not be out of a job, and makes him indispensable

I agree with you. It's even worse now than in the earlier days where intelligence and the ability to the job where the criteria to gain employment. These days, it doesn't matter if you're intelligent, connected or have the experience to the job, Artificial intelligence will always beat you to it and the crazy thing is the rate and pace at which companies are adapting this pattern. Some will say it's because of cost management and they need to evolve that's why there are job cuts, but for me I see it as trying to stay relevant in the industry.
 To learn a skill requires money that's why people go to work and it's not like some people don't know their jobs aren't so secured except they're the entrepreneurs, it's just so they can get the required funds to start something or learn one.

[crwth]

Hmm, I think it depends on the industry or whoever is providing the work. There is probably work that would still be employed for a long time. Work has shifted compared to before, and turnover is probably faster than ever.

An important thing to do, IMO, is to have some emergency fund planning, like having a fund for emergency use for living expenses when there are some layoffs that could happen.

[Stepstowealth]

Surely there should be a goal shift,candy how careers should be seen. A shift from finding a company that can keep you for 20-30 years, to building skills, relationship and financial independence that can remain valuable when one becomes disposable.

Many people become very comfortable once they are able to secure government jobs because there is a high level of job security when you're working for the government than when you're working for a private firm. But this comfort in getting government jobs should not mean you to relax and not try to seek another source of income should in case something happens to the job you already have. The dependence on the job alone after being able to secure one is the mistake many people make. After securing a job, the next target should be either developing a skill or going deeper into the existing skills you have or simply starting a business.

[Fortify]

These I.T. jobs have always had a certain amount of churn and I'm not sure that's anything new. These jobs get added incrementally, sometimes associated with particular projects like Facebook meta, in an attempt to conquer a new market but then they get re-assessed at a later stage and shelved. It's actually good business to be constantly evaluating and reallocating capital, there are lots of non-IT companies that do it and you'll find the most ruthless are actually the pioneering companies with plenty of profits they can use to expand into new fields which creates jobs instead. Then there are just obsolete jobs, much like the buggy whip manufacturers who went extinct when the automobile took over the personal vehicle market. We must all adapt and reimagine our skill sets when it is required, or get displaced by others who are willing to do that.

[Franklyn-wood]

Volkswagen is also among the company that is laying off workers as the plan to lay off 50,000 workers to bring the total plan lay off to 100,000 by 20230. Anyone that is not worried by this trend is definitely living in denials because traditional jobs are changing due to technological innovation. This new reality should not only been seen from a negative light because it also come with a positive side which is a new opportunity for more people to get rich doing little and such opportunity available for a lot of people. Those who will key into the demand of latest technlogy will definitely benefit from this new technologies.

Yes I agree with you that there are technological improvement that contribute to some of this retrenchment in those companies that have to lay off there workers.
Government policies are also part of the reasons organizations will be forced to lay off there workers.
The ecoonomy condition is one reason why employers ends the activities or services render by a worker to manage the companies income flow and attend to other things and have reserves.