Layoffs cause all kinds of far reaching issues. It destroys company loyalty even if you don’t get laid off.
True, I'd add that outsourcing does the same and worse.
There's no such thing as loyalty to a company anymore, IMO. There's also no such thing as lifelong employment at a company. That went by the wayside decades ago.
I'm at the tail end of my career. At this point I can retire whenever I want. Announced I was going to retire and had money thrown at me to stay, so I did. Who'd walk away from that, even after surviving multiple layoff's, outsourcing, and taking on a huge workload to boot?
After all this and after recently turning 60, I'm beginning to think the Gen Z'ers actually have it right and I've had it wrong all this time. Working is a means to an end, and that end is personal satisfaction with one's life and not being a slave to some company/corporation.
In closing: anything the evil WEF is for, I'm against. No, I will not eat the bugs. No, I will not drive an EV. No, I will not take the poison mRNA "vaccine". No, I do not believe in man made global warming and NO, I am not a slave to a corporation.