People who have worked at a company for many years, possibly looking at retirement, are having to consider what if they are next to be the victims of companies cutting the fat. Boeing is a classic example of cutting employees to be more efficient. There is even encouragement from the stock market. It is typical for a company s stock to go up when they announce they are going to lay people off.
Technology is another killer of jobs.
Although technology is creating more jobs, many jobs are being replace with automated machines such as the computer, ATM s, assembly lines, ect. Employees who could have worked at a company for 30 years once did many of these jobs but now there is no need for them. Companies are finding it that they can reduce cost and be more efficient in transitioning to these automated machines. Other companies are using layoffs as a last ditch effort in saving there business. People are hired out to analyze a company and fire as many people they can in order to keep the company alive.