Not "always", at least not the kind of mass layoffs we are familiar with today though most people here are probably too young to remember when it was uncommon.

Not "always", at least not the kind of mass layoffs we are familiar with today though most people here are probably too young to remember when it was uncommon. For example IBM had a no-layoff policy until 1993 and when they ended it, it was newsworthy at the time. https://www.washingtonpost.com/archive/politics/1996/03/31/for-workers-surplused-by-ibm-lives-forever-changed/1abb382f-1438-4fde-93f1-d625d43a4b49/ https://www.washingtonpost.com/archive/politics/1996/03/31/f...