Actually, the other common factors were - Recessions. Truly awful management decisions. Changes in markets related to those industries But here was the thing... thousands of companies I totally didn't work at also went out of business. The reality is, in a dynamic economy, 13 million jobs are eliminated every year.. and 15 million new jobs are created. The trick, of course, is to be ready to grab up one of those new jobs. But when your career highlight is "Head Possum Catcher", it's hard for you to comprehend that.