Part 4/9:
Job security has become a relic of the past in Shanghai. The anxiety surrounding employment is palpable, with reports indicating that layoffs now occur multiple times a year, rather than every few years. One former employee illustrated this point by recalling how a team of friends, all sitting together, unexpectedly realized they were all jobless. While some individuals have managed to secure employment since their layoffs, others remain jobless for extended periods, often postponing their search until the New Year.