Reply to Layoffs at 50

Forum Index » Jobs and Careers

Reply to "Layoffs at 50"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are a Fed family and locally know mostly either other Federal employees or BigLaw/lobbyist employees.

We have some family in friends in a variety of fields, such as hardware tech companies, biochem, health insurance, etc and all of them seem to be going through rocky careers transitions in their 50s.

Many have been laid off after being there for 20 years, then getting a new job for less money at a smaller company, rinse and repeat.  Or they are just laid off and desperately trying to re-tool their careers and get back to work.

Is it really that common to be laid off in your 50s, or is it just our skewed sample size with our friends and family?  Obviously we don't encounter that at our workplace, but at same time we haven't sen the soaring stock values in an EPP so there are obvious tradeoffs.[/quote]

I don't know if it's common but it happened to me at age 50.[b] It's a snappy reminder that 90% of the people at any company are utterly replaceable. There is always someone cheaper and younger[/b].[/quote]
This is true.   I'm 50, and a contractor.  IMO, it's easier for a company to retain a contractor than an employee of the same age for financial reasons.  A 50 yr old contractor can cost the same as a 40 yr old contractor.  Not so for FTEs.  My spouse is also a contractor.

Contracting may not be as stable as being an employee when you are younger, but as you get older, and especially if you're on a very long term project, I think it can be a bit more stable.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics