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[quote=Anonymous][quote=Anonymous]Not me, my father. 55 years old, was recently told that he - along with the 8 others at his company with his title - would be let go from their company (large, F500 CPG, think Proctor and Gamble, Unilever, etc) due to a restructuring. I would love to get some feedback from the collective intelligence here on DCUM. His stats are as follows;

-55 years old, 25 years experience in marketing and product/brand management. BA in Journalism from state directional.

- has worked at this company for 18 years with steady promotions. He currently makes a salary of $110K with bonuses usually bringing that to around $150K.

-lives in a low COL where he's pretty much "topped out" in terms of salary/title. His company is one of the main white collar, high paying employers in the area.

-He does not LOOK 55. He is very trim, not balding/greying/overweight/etc. But still worried about age discrimination.

This is so scary for him! He wanted to retire at 63. My mom makes about $60K and just went through this exact thing a year ago (without a dime in severance) and managed to find a job but took a $25k paycut. [/quote]

Totally normal and common. This is exactly why despite my high salary, I'm treating my 40s like their will be my last years of stability. We live way way way below our income, saving well into 6 figures each year.

I saw it happen to my FIL and saw someone at my office get pushed out. Also when we are interviewing people I hear ALL THR TIME debate over an "old" person (old meaning 55+) and if they can keep up. Totally illegal, but it happens all the time.[/quote]

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