Earlier quoted context omitted.
If someone called a haircut feudalistic because it was bad then that’s dumbing down words to just good or bad. Calling a type of employment relationship feudalistic because of the amount of power the employer has is at least somewhat descriptive.
feu·dal·ism /ˈfyo͞odlˌizəm/ noun the dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants (villeins or serfs) were obliged to live on their lord's land and give him homage, labor, and a share of the produce, notionally in exchange for military protection. Sure isn't even "somewhat…
“The classic definition, by François-Louis Ganshof (1944),[3] feudalism describes a set of reciprocal legal and military obligations among the warrior nobility revolving around the three key concepts of lords, vassals and fiefs.[3]“. https://en.m.wikipedia.org/wiki/Feudalism
It included both economic and military relationships, but importantly: The granting of a landholding to a vassal did not relinquish the lord's property rights, but only the use of the lands and their income; the granting lord retained ultimate ownership of the fee and could, technically, recover the lands in case of disloyalty or death. https://en.m.wikipedia.org/wiki/Fief
Thus these relationships where in effect an extreme form of employment even among the nobility. Much like how joining the US Army has more obligations than going to work for Google.