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How do you ensure job security in a hard economic situation like this?
Now, for a company like Amazon to be laying workers off, and they're not the only one considering layoffs. Many companies want to reduce their workforce to save money. Personally, what does this mean for you?
For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.
The tech giant company has been laying off employees for years already. If I'm not mistaken, even other Tech-Giant companies also laid off their employees as well.
TBH, there's no perfect way to secure your job nowadays. I mean you can work many hours and even work over the intended time but still, you can get laid off especially if the company really needs to do it. I don't know the exact reason, but I believe integrating AI on their system is one reason why they want to reduce the workforce. Not everyone will lose their job of course, and those who knows how to use AI will have a big advantage over those who can't. Those who knows how to maximize AI to help the company their working for will have a higher chance of staying. This is the reason why I said to myself "Whatever happens, I need to have some passive income that would help me in the future just in case the time comes that I don't have a work at all." because being valuable with the company doesn't mean your job is secured.
Does knowing about layoffs make you want to avoid corporate work?
No, but if you want to have a secured job... or at least a more secured job then working in the government might be an option. Of course there are some factors to it, but that's what I believe.