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
A large number of the people in both surveys work in small companies that were not affected by mergers, re-engineering, and downsizing.