Comfortable_Okra382's journey

I was recently laid off from Canva, where I worked as a product designer. It's been a tough experience, especially since the company was still making a profit when the layoffs happened. They let go of around 1,000 employees, which feels like a drastic move for a company that seemed to be doing well, even if profits weren't as high as the previous year. It got me thinking about how layoffs have changed over the years. They used to signify mismanagement and were seen as a last resort to avoid bankruptcy. Now, it seems like companies are using layoffs as a strategy to boost profits for shareholders, even when they are financially stable. Just earlier this year, a major bank in my country reported record profits but still laid off thousands. When did this become the norm? It's disheartening to see how the landscape of employment is shifting.