I majored in physics, even living in a country with a ton of technology companies. There are only so many research labs, and only very few companies want dedicated physics people. Often they just want to run a mechanical simulation known as FEM, they hire mechanical engineers for it.

Also, physics is very broad. While companies are usually looking into a specific topic. If you didnt happen to stumble in the right area of physics you might not have valuable knowledge for a company. Often a Physics education is not even focused on deepening a specific topic, but more on how to solve complex problems. In my opinion that can be applied to many problems we face today, if given the chance.

Physics education is based on the idea of a renaissance man, one who knows how everything works. Companies simply don’t care about that.