Oftentimes, it has to do with the company trying to save money. A "senior position" might be paying $80k/year, but fire the senior guy and hire two juniors or p

Oftentimes, it has to do with the company trying to save money. A "senior position" might be paying $80k/year, but fire the senior guy and hire two juniors or people fresh out of college and pay them $30k to $35k/year and some companies see that as a "savings" rather than the experience that $80k/year senior was bringing to the table. During COVID-19, my company had a mass layoff and several departments underwent "restructuring", even laying off our sales people, but never replacing them. For months, we sat with very little work, just hoping we still had our jobs. Fortunately, it has picked up, especially as I took my required PTO, in which the only night person beside me got so busy, she had to leave jobs for the morning team, which technically shows the justification of why I have my job and her and I need to stay working together. There are so many reasons why companies might do this... but it really all comes down to CEOs coming in and working with a finance team, where all they see is, "This department is bringing this amount, while paying this amount, and we want to see more profit... so we have to let X amount of people go." After they laid many people off, they got rid of our bonuses and no more raises. As a result of this, I take up any work when it comes to freelancing or working a second job. Also in my downtime, I spend time on my side projects in hopes that one will eventually do what I need it to do in regards to bringing in enough income to supplement what I make at my current job. This is what 10+ years of loyalty to a company gets you now.