The best people are long gone. Those who are still here are either looking for a better job, waiting it out until retirement, or are underachievers who won't be able to get a better job anywhere and are milking it for as much as they can for as long as they can. And then we wonder why our results are the way they are...
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The few old timers who were lucky enough to be kept are just bidding their time until retirement.
If they can make it till 55yr they can get their pension
If they can make it till 59 1/2 they can access their 401k without the 10% penalty
If they can make it to 62yr they can get early Social security, but waiting till 65 is better.
And an fyi, most companies do not want to hire people over the age of 50yr, even though they are the ones who will give 100% to the company.
They will not take a lot of sick days, come in late, take extra time for breaks and lunch time.
State street is a dying company. If you look at various departments they lack real leadership. Get out while you can
If you are an older worker it is difficult to find another position. Not all of us can afford to start our own company and many of us would not want to either. The pandemic also influenced hiring by many companies. I believe that the sometime this year companies may begin hiring again.
What about people who owned restaurant's or worked in the hospitality industry? I consider myself fortunate to still be working.
I'm one of those waiting it out until retirement. Which one are you?