Here are some eye-opening numbers: Last year, nearly 20 million Americans got pink slips. By June of this year, 10 million employees had been dismissed from a range of industries and companies, including blue-chip tech firms like Google, Amazon, and Microsoft, as well as once secure federal agencies. A whopping 1.6 million workers are laid off each month. Losing your job is a perpetually looming threat: 40% of American workers report being terminated at least once in their careers; most of them were taken by surprise.
Those numbers are just as bad — and often worse — for those at the top. Recruiters tell us an estimated 40%-60% of senior executives are forced out, in part due to today’s record high turnover of CEOs. Regardless of title or income, the same label is applied (and self-applied) to people who’ve lost their jobs: You’ve been “fired.”
Words matter. And the word “fired” implies fault — your fault. While some employees are let go for performance or behavior, millions more are caught in restructurings, downsizings, and strategic shifts spurred by investor and marketplace pressures. This cuts across corporate America, whether you’re on the shop floor, in middle management, or in the C-suite. No one is immune.
We live in a churn economy of routine mass layoffs and restructurings that didn’t plague the generations of workers who retired before the 1980s. Leanne’s parents collectively spent over 40 years at Boeing; Nina’s father spent 30 years at Hughes Aircraft. Our parents’ generation could count on stability, security, predictability — and profound corporate loyalty that cut both ways. One study found that 58% of Coins2Day 100 companies announced layoffs in 2023, while in 1979 only 5% did.
Back then, being “fired” was shorthand for showing unproductive, ill-fitting, or unethical workers the door — preferably before they stole the stapler. There are still plenty of employees who earned their pink slip fair and square. Performance and integrity issues? That’s on them. We shouldn’t shy away from holding employees accountable. But in today’s turbulent economy, the vast majority of displaced workers aren’t fired because of personal failure.
More than ever before in modern times, people’s careers are fragile, unpredictable, and subject to pressures beyond their control. The personal toll of job loss is enormous. We’ve been fortunate to work with some of the most exceptionally talented and visionary business leaders around. And even among these super achievers, a job loss shakes confidence and self-worth, threatening to erase in their own minds years of well-earned impact and success.
“Executives know the exit isn’t really about them,” says executive coach Nicole Didda. “They’ve got the performance, the reviews, the credibility. Still, the word ‘fired’ hits hard. Especially for women, it undermines confidence, making them feel ‘less than’ even when they know better.”
That damaging psychic weight of insecurity and self-blame seeps into our society and politics, where polls show a stubborn and longtime trend of declining faith in a better future. No wonder, when 81% of workers in 2025 fear job loss.
With an unsettling sense that control has slipped away, there’s a tendency for even the most talented and accomplished employees to self-identify as “fired” — even when the cause of their dismissal is a slowdown in the market. Poking fun at oneself for being let go may build connection, but it also undermines confidence, credibility, and faith in a better future.
These economic forces aren’t going to change, especially with AI bringing its own uncertainty and job disruption. All the more reason we need to reframe the narrative around job loss. If almost half the workforce has experienced a job elimination, shouldn’t we give the word “fired” a rest?
Let’s be more thoughtful — and understanding — in the way we treat our colleagues (and ourselves) when describing workplace departures. Let’s replace “fired” with something like: “freed for what’s next.” Let’s make the increasingly frequent business of moving on less dramatic, and a whole lot more human.
The opinions expressed in Coins2Day.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Coins2Day .