Is it really a contract if it can end unexpectedly? I know it is, but really the original purpose of a contract is to set the terms and conditions, so nothing was surprise when it happened.
We really need a better term for these one sided work agreements.
The cost of the contract being one cost, so when you think about cost of managing the contract and contracts etc. severing it via a payout can be cheaper, and is often sudden to the contractors unfortunately.
They share in the profits with the employees and such.
I mean sure, it's not 100% a save job. If something truly terrible happened and the company went bankrupt etc, then of course you can still lose your job.
But no time have I ever seen or felt like they would ever lay off people unless the company literally couldn't go on to survive some other way.
You learned that 1 company isn't a family company and puts your needs above the company...
When covid hit and work dried up where I work, the company told employees to go out and find charity work and the company paid our full salary to do the charity work.
Just one example of the way they think and act. I've been there 15 years and never seen a single instance or case that would make me believe they would act any other way.
They pay plenty fair and I make more than I know what to do with for myself.
Maybe your job(s).
But there are certainly companies out there that actually care about the welfare of their employees. Usually family owned and such.
That's where I choose to work and they have always taken care of my needs and listened to me.
I never really understood why people have such a desire to work for these big companies that don't care about you. I guess it's just different strokes...