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[quote=Anonymous]Networking is the only way and he may need to change careers. He may need to move.

IMPORTANT:

I've found that older workers are seen as viable in a direct competitor performing a very similar job function when the competitor see the older worker as being able to bring competitor specific knowledge that gives the new employer as perceived advantage.

I lost my job at 40 and I've got friends that lost theirs in late 40's and mid 50s. The results vary.

EXAMPLES:
Me: out of work for 18 months and needed to relocate, change careers and take a pay cut.
48 year old friend: Lived in low COL area (mid-west) with high-school aged kids. Could not find a replacement job. Found work as a soccer coach at his daughter school.
55 year old friend changed careers moved across country and right around the 3 year mark his old company ran intro trouble because the younger replacements could not solve some electro-static discharge issue during manufacturing and he was hired back to "save the project."
58 year old guy - went partners with another laid off guy from the same company and they bought a franchise selling cloud computing services to business and they lost almost all their savings after about a year.

SUMMARY:
There appear to be a few paths.

1. Those close enough to retirement with enough savings simply try to bridge the gap.
2. Some folks have to totally reinvent themselves and this can require massive change (re-education, re-location, pay cuts).
3. Some people (if there is not an economic down turn) through networking MIGHT be able to slide over to a competitor in a similar job title.[/quote]

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