Building on the “how likely is it to retire with a pension” thread, I see why a lot of “low performing” 50+ folks in both managerial and technical jobs basically keeping their chairs warm until retirement behave the way they do. After going through multiple soul crushing layoff events like this one, I’m sure many of these people who were once good employees or maybe even high performers are left rejected and resigned to their current state, just waiting for their payout while trying to avoid getting noticed by the hatchet man.
6 replies (most recent on top)
@izy+17Bh4F6L
Remember the "lead by example" directive?
If mismanagement is the example, why are you/we surprised that experienced employees who for many years contributed to the wealth of the corporation and the exec's wallets are no longer motivated to go the extra mile, especially given the way "regular" employees are treated for their hard work and loyalty? DW & Co praise us all and the results we achieved but also to "care and watch out for one another." The lack of empathy or understanding makes me and many others sick!
To say a majority of CL28 and up were once high level performers is just plan wrong. A vast majority of middle managers are where they are by having the right sponsor and by being skilled a** kissers. Once there, they have a tacit agreement to protect each other and trade BS KO feedback fiction in return for the same. Imagine a horrible supervisor that year after year gets feedback from peers, but never subordinates, and has bosses that never ask why, or seek out that feedback themselves. It’s a well oiled machine, and that tier of $300-500K managers are a big part of why our stock is a third of what it once was.
eye roll
These companies were great at one time because of the employees that were there. There is a correlation to employees' performance and company success. These days, there is such a strong sense of self entitlement among American employees. When you look at the homeless and/or unemployed people out there, keep in mind employment is at-will - meaning you should consider yourselves lucky to still have jobs because employers do not have to keep you if they don't want to. That is the sad reality that many people cannot seem to comprehend.
The older people are the remaining best of the best, after surviving 6 layoffs over the last 30 years. The bottom 60% are gone if bottom 10% was cut in each layoff. What is left are the top 2 quintiles of the hiring classes of pre-1990, and most of that class are Executives now. The so-called "failures" who did not make executives are senior level professionals making $350 to 400 k per year and eligible for mutli million dollar lump sum and have 5 million in their savings plan. These people who did not make executive are wealthy and generally very happy. Everyone of the OLDER group CL28 to CL 29 were top quintile as CL 21 to 27...SALUTE THEM...They DESRVEVE YOUR RESPECT and They did the heavy lifting and are not responsible for the strategic mistakes our executives made.
Dang, buddy. You picked a touchy nerve for me.
I got Pipped in July with 32 years at age 62.
I was basically Retired in Place the last 10.
Those were the sweetest years.
When I joined the company (hot model PhD), I was paid to keep my head up.
But I learned to keep my head below the trench-line over time.
You can do the same.
Don't worry about it.