Right. My point is that the company can’t just say “we’re not doing well, we need to get rid of a few people” and do a layoff with impunity. They have to lay of

Right. My point is that the company can’t just say “we’re not doing well, we need to get rid of a few people” and do a layoff with impunity. They have to lay off a pretty decent amount of people (in some cases like 30%) and they need to pay severance to the laid off employees. In most of Europe it’s basically a tool of last resort besides going bankrupt, unlike in the states where it’s easier and done somewhat regularly.