"Here are some eye-opening numbers: Last year, nearly 20 million Americans got pink slips. By June of this year, 10 million employees had been dismissed from a range of industries and companies, including blue-chip tech firms like Google, Amazon, and Microsoft, as well as once secure federal agencies. A whopping 1.6 million workers are laid off each month. Losing your job is a perpetually looming threat: 40% of American workers report being terminated at least once in their careers;"
"Those numbers are just as bad - and often worse - for those at the top. Recruiters tell us an estimated 40%-60% of senior executives are forced out, in part due to today's record high turnover of CEOs. Regardless of title or income, the same label is applied (and self-applied) to people who've lost their jobs: You've been "fired." Words matter. And the word "fired" implies fault - your fault."
"While some employees are let go for performance or behavior, millions more are caught in restructurings, downsizings, and strategic shifts spurred by investor and marketplace pressures. This cuts across corporate America, whether you're on the shop floor, in middle management, or in the C-suite. No one is immune. We live in a churn economy of routine mass layoffs and restructurings that didn't plague the generations of workers who retired before the 1980s."
Nearly 20 million Americans lost jobs last year, and by June 10 million had been dismissed across industries including major tech firms and federal agencies. About 1.6 million workers are laid off each month. Forty percent of American workers report being terminated at least once, often unexpectedly. Senior executives face similar risk, with recruiters estimating 40–60% forced out amid record CEO turnover. The label "fired" implies personal fault, yet many departures result from restructurings, downsizings, and strategic shifts driven by investors and market pressures. Pre-1980s employment stability and corporate loyalty have largely vanished.
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