The author seems to have just discovered that capitalism does not have loyalty to anyone other than the shareholders. And those shareholders do not care whether you have contributed to their profits much more than anyone in the recent past - if it looks like they can make more profit that quarter by laying you off, they do it.

Maybe we should start calling this the "enshttification" of work? As capitalism is enshttifying everything, it was unimaginable that work would not get affected...