Here in the states it does not equate to employment stability at least not in the same role. There are numerous layoffs where people with critical knowledge are

Here in the states it does not equate to employment stability at least not in the same role. There are numerous layoffs where people with critical knowledge are separated from the company. Some of them get hired back as contractors for a better rate and some have to seek employment elsewhere. I have a neighbor that has very specific experience that is needed and the company had him and one other. They laid him off and hired him back as a contractor at a greater rate so for him this turned out great. But not always so.