[fy20]

There is no job security. I live in an EU country which has very strict rules about layoffs (you need to give notice + severance).

Well here I am 6 months after being told I'll be laid off, and my previous employer hasn't paid me anything yet :-)

I was contracting for a few years before that, and I liked that better because at least it's honest. The contract clearly says the company can terminate the contract at any time without recourse.