Sadly, just like every other business. A friend of mine had been in a City firm for over 20 years and was dumped one day out of the blue. That was in 1999. Personally, I have faced constructive dismissal from a worldwide brand name that everyone knows. Two weeks a go, a friend of mine had to launch a constructive dismissal case against her company due to the way that they made her redundant - they are an international travel company that everyone here would know.
It is what the little boys in big suits do. Year in. Year out.
Always ghastly.