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I am deeply upset from the fact that management can decisively lay off talented staff without notice and impact their families financial security.
Well the management are out of a job now, too. However in this case it's the parent company that shut them down, because of the parent company's financial troubles.
It's the American way. Go out of your way for the shiny penny, don't do anything to earn the dollar.
The other side of that coin is that employees can quit without notice.
Though really it's not a balanced relationship. Businesses can absorb the loss of an employee much better than an individual can absorb the loss of a job.
The employees are still probably getting a layoff package, and they can file for unemployment, so it's not like they're out on the street, fortunately. We do have some protections in the US.
And the WARN Act.