Confidence and Success > Business/Work

Fired at 57!

(1/5) > >>

DoberDaddy:
I find myself, at the age of 57, unemployed.

This is life in tech. If you are not upper management and you hit your mid to late 50s, you might as well be dead!

I won't get into the details, it's irrelevant at this point. It was legal, but certainly NOT fair. Replaced with someone 25 years younger, a friend of a friend of the CEO.

I am too young for retirement, although I could kinda sorta scrape by if I move into a studio apartment, or move out of the city (and away from my friends).

The possibility of getting hired, by someone else, this close to mandatory retirement age (67) will be difficult, but maybe not impossible.

I am eligible for unemployment 6 month, roughly 40% of my gross), and get severance pay that is taxed lower than income.

Emotionally, I am not ready to do anything else. Working through almost 2 years of COVID-19... took a lot out of me.

I do have a sort of a side business that pays me enough to cover 1 weeks rent, so that's not really something I can count on.

I am still in the office, it's my last few hours. Nothing left to do. The dept. head is home, in quarantine, having said goodbye via WhatsApp. The new guy is on his phone... watching vids.

Just still in shock, like almost it wasn't real. But it's really real.

Razor X:
I’m sorry.

reddog:
Sorry to hear that. Seems there is little loyalty or caring from employers anymore.

slybeard:
Sorry to hear that @DoberDaddy

Things are somewhat different in the USA.  First, we do not have a mandatory retirement age for almost all jobs.

But I do know guys here that work in Tech and find regular contract/temporary employment, and have more free-lance work than they can take.  I do not know if that is even an option in Israel.

I was able to take an early retirement at 55 that resulted in a pension.  The pension was enough that I could "live" on it, but not very well.  I was able to take on a contract position for a project that lasted 3 years. When the project completed at the end of the three years, I was offered full time employment with the company at age 58. In terms of financial, I have been able to make more every year since my retirement than I made before retirement.  If things work out, I plan to work here until age 65.

Take some time off first, but I hope things work out for you and you also are able to do better than you were before.

Magoo:
Sorry for the loss of your job . Don’t give up , things can get better. If you have your health you have everything .

Navigation

[0] Message Index

[#] Next page