So it's Pillar 1e then kinda useless /not recommended?

Don't see much on it, except the article on the Poor Swiss.

Basically the biggest risk seems to be that it's tied to your current employer and you might be forced to sell it at a really bad moment in the global markets. Which is a very real risk for anyone nowadays, so unless someone is absolutely counting on staying with the same employer until they retire (hah) - or somehow think they're guaranteed to find an employer who offers 1e (maybe for finance / pharma / commodities people) - this is useless?

Am I missing something?