The Myth of Big Company Stability

As someone who works in a small business, I can’t tell you how many times I’ve heard some variant of the following misconcept during job interviews:

  • “I have an offer from ‘X’ Co. They’re a big company, so they’re more stable. Since I have a loan, that’s very important to me!”
  • “Well, I’m looking to join a large company, as I want more stability and security.”

And you know what? It’s not exactly accruate.

  1. First off, small and medium sized business (SMB’s, or SME’s) hire the majority of the world’s work force. That’s an undisputed fact. SME’s are the backbone of the world’s economy. We hire the most people, pay the most taxes, and develop mos tof the innovation in the world today.
  2. Secondly, who says big is more “stable” for an individual employee? Sure, many big companies themselves have lasted for ten’s of years, but that doesn’t necessarily mean they are stable for the individuals that work there. Large companies routinely sacrifice valuable resources for the benefit of the shareholders.

Keep in mind, I’m not saying that layoff’s don’t occur at small and mid-sized companies: they most certainly do. What I am saying, is that there is often a massive misperception that layoffs occur either less frequently at large companies, or in smaller amounts – just because those companies have existed for many years, and are – well, BIG.

So for some time now, I’ve been thinking to start a running list of layoffs (at least those I hear about in the news) at big companies. I’d welcome anyone’s input regarding links to large company layoff’s which I’ve missed, so that I can add them into the table!

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