Reply to Laid off. Have now been rejected by three jobs I'm qualified for with a form letter.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm in the same boat at 45.  FWIW, I look to my faith tradition for perspective and to stay off the emotional roller-coaster as much as possible.  My whole role in the tech sector pretty much got obliterated, so I'm starting over. [/quote]

If you were in tech you have $$$, just retire. [/quote]
dp... not everyone in tech made a killing off of RSUs.  [/quote]

yeah. I've worked for ... 6 startups, got stock options at 5 of them. two paid out under $10,000 on acquisition (THIS IS A SUCCESSFUL EXIT, BTW). One ended up completely underwater, I did not exercise my options at all. One was moderately successful, I sold RSUs as soon as they vested, I think I cleared an extra $40k per year in RSUs, but that was part of my total comp, so not gravy, just risky income. Folks that exercised and held got screwed, stock is trading at 1/6th of where it was when I was there. And one did fairly well for a while, but I had to spend a lot of what I cleared over a multi-year unemployment, and again stock is about 1/6th of where it had been. The high winners in tech are few and far between, and if folks don't divest and diversify, a lot of them later end up in a very bad place.

Fed tech can be a nice pivot, as the government is one of the few places that will hire 40s and older tech folks.

My dad got hit by this in his 40s and pivoted to physical labor, which I absolutely do not recommend. Finding a new job is a grind, and it's a more brutal grind in one's 40s and 50s, especially if you haven't gotten to the point where you take rejection personally. The economy is in a weird place, you absolutely cannot take rejection personally. It's a numbers game on all sides.[/quote]

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