Earlier quoted context omitted.
It really doesn't have to "be what it is". We can strive for actual change. But everyone's still too cushy for that, it seems.
But what actual change do you want when the very founders of these companies like Vimeo, multi-multi-millionaires decide to sell their life's work, customers and workers very well knowing what the fate's gonna be, just to be even more wealthier?
I won't repeat the same usual solutions again, but I'll mention one thing that already exists: the WARN act. The spirit of this is good, to give employees a 3 month buffer of when their job is ending. But it's clearly abused at worst, and not enforced at best. It's not as good as other countries' worker rights, but ot exists today to be looked at. In addition, severance can help to. This is standard, but even the "generous packages" in the US tend to be on the lower end of what other countries need to do.
Basically, it shouldn't be a drop dead easy decision for a company to mass layoff and have the workers surprised at the facs. It needs to both be slowed down and give immediate short term costs. That's a start of "kinda actual change" to strive for.