Until you get to a certain age, grade and cost. Then you are gone.
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Yep and they say age discrimination is not an issue.
Tough pill to swallow when you look at the mirror and finally understand that the company you love doesn't love you back. If all you know in your life is SLB's Kool Aid brace yourself for a tough time out there. The bragging expats are sobering up to this fact, literally by the minute.
You can’t offer a younger person early retirement when they are 20+ years from eligibility...
As to why its those who are 20–30 are targeted: Those 40 years old and up are considered a protected class in the USA. Compliance needs to review more thoroughly and ensure they cannot be accused of age discrimination. Easier to offer early retirement...
More people in their 20s and 30s are getting laid off than older people.
They even offered voluntary retirement packages for like a year salary. Younger people are not being offered that.
But most people getting laid off know that it is coming. They had no work to do since last year. Cant really keep paying people to sit there and not work.
The smart ones are asking around to find work that they can help with.
It’s people first in a high activity, high attrition climate but it’s people last in a low activity environment.
The employee value is dependent on supply and demand. Demand is low just now and employee supply is high - that’s means people value is very low.
Yep, that is what happened to me. Made too much money, getting older and just too expensive. It's ok. In the end and after severance, vacation pay out, 401 K roll over, Pension roll over and PIP bonus, I made out OK.
People are, monkeys are not.