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Reply to "Everyone I know is laid off by age 55"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Both of us were pushed out, 51 and 54. Techies. Had a 10 and 12 year old. Outsourced to India in one case and new younger hire in another. Took DH a year to find something at 30% lower salary and I haven’t found anything yet. [/quote] Our story almost exactly. His is 45% less salary. I am jobless. 50, 48.[/quote] That's disgusting. Now 48 is too old?[/quote] By 35 you start being a bit long in the tooth in tech unfortunately.[/quote] Wow! So is that not a good field to get into? Or can you use the skills elsewhere? [/quote] So should my DS who is majoring in Comp Sci at UMD look into another field?[/quote] FFS. No. Most of these people don't know what they're talking about. If you let yourself stagnate in tech, your market value will diminish over time. It's a dynamic field and you need to stay on top of things and/or move into management. But, no, do not encourage your son to leave one of the most lucrative fields because of a bunch of anonymous online posts. [/quote] My father writes compilers for *ancient* languages on embedded system (think Fortran and Cobol, C on a good day). We can't get him to retire, but demand never really went away. He seems to still be raking in cash. (think 500-1M/compensation per year at 65; not including any equity). Apparently what happens is some firm tries to 'upgrade' (since some consultant told them to) and then realizes at the last possible minute that their old system simply better, and just needed a few tweaks. So they pay my dad and his firm a fortune to save the day. [/quote]
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