“It was out of the blue,” Nelson said. “They didn’t give me a good reason. . . . [But] it was
very clear that they were going to let the most experienced people go, who were the
highest paid people.”
The reason is as stated: $$$.
https://www.bostonglobe.com/2022/01/22/metro/older-workers-press-age-discrimination-claims-challenge-ibm-layoffs/