Inability to adapt can really kill
In fact, ten years ago it should have been realized that adaptability is the true capability. The information society brings a world that changes at an extremely fast pace; falling behind even one step in layout means death (the only constant is change). For example, Baidu is actually in a state of chronic decline, and traditional automakers of the past are also gradually dying out. My advocacy for Tesla stems from observing Musk's series of price cuts, leading me to conclude that he is accelerating the global transition to new energy vehicles. Whether you go along actively or passively, those who can't keep up will perish.
This article discusses Hyundai's Korean sister company, Kia Motors, reverting to its decades-old Korean corporate style by reducing workforce numbers. The traditional Korean approach is, when things look bad, to offer premature "honorary retirement" to employees. However, Korea does one thing well: they pay several times the retirement salary in advance to let you go, unlike here in China where you might be simply fired without any severance.
I recommend watching the Korean drama *1988*, which depicts the previous wave of national honorary retirement in South Korea. After watching it, one feels a deep sense of sadness.
Kia Cuts Costs, Starting with "Rotating Rest" for Middle-Aged Workers