In the decade from the mid-1980s to the mid-1990s, large corporations were rocked by mergers, re-engineering, and downsizing  These events significantly undermined employees' job security  Surprisingly, however, employees' perception of their own job security hardly changed over that period
Fifty-eight percent of employees surveyed in 1984 and 55 percent surveyed in 1994 stated that their own jobs were very secure
Employees who feel secure in their jobs tend to think that the jobs of others are secure.