This is totally a response to the employer side. When companies are laying off people en masse with little regard to either performance or years of service rendered, they reveal themselves to regard their workforce as interchangeable cogs. We are living in a market that encapsulates the adage, “your company will let you go without a second thought.”
For centuries, organizations have been adjusting themselves to ensure that all employees are as easily replaceable as they could possibly be, not to mention outright powerless.
I recommend watching the Netflix documentary "American Factory". If I recall correctly, there's a low-level manager who tried to turn himself indispensable at the expense of the company's workers and he showed a lot of surprise once he himself was fired.
Also, employees will dump their employer the second they can. Let’s not pretend this is a one-way street.