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Fired at 57! by DoberDaddy on 14 Oct, 2021 05:06
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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. -
#1 by Razor X on 14 Oct, 2021 10:20
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I’m sorry.
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#2 by reddog on 14 Oct, 2021 10:47
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Sorry to hear that. Seems there is little loyalty or caring from employers anymore.
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#3 by slybeard on 18 Oct, 2021 07:35
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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. -
#4 by Magoo on 19 Oct, 2021 21:28
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Sorry for the loss of your job . Don’t give up , things can get better. If you have your health you have everything .
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#5 by DoberDaddy on 19 Oct, 2021 23:30
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Thanks guys!
@slybeard
Well, there is not much freelance work in IT. Although there might be the potential for contract work. To be honest I am really sick and tired of this industry.
I am tired of working for companies that provide little or no benefit to anyone but investors looking to cash in, while employees are treated like cattle.
I am going to make an attempt to make the hair replacement gig a permanent thing. I am now a partner in the business, having purchased a minor stake in the company, and will be working as their Client Services Director.
I gave them a year. If after a year I am not able to make enough money to stay to maintain my current (or close to) standard of living (which is not extravagant by any means), I will look for something else. -
#6 by slybeard on 20 Oct, 2021 07:08
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I do hope it works out for you. Your personal experience with the hair system, after several years as a sly guy, gives you some unique perspectives that should be a great asset for the company. As well as a model for their promotions.
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#7 by Sir Harry on 20 Oct, 2021 09:10
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Sorry DoberDaddy....Wishing the best for you going forward. You're always welcome to come here just to vent.
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#8 by SlyMike on 20 Oct, 2021 15:30
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Sorry to read that this has happened to you. I hope the hair loss job works out
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#9 by DoberDaddy on 21 Oct, 2021 23:29
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#10 by SlyMike on 26 Oct, 2021 14:12
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Thanks again, everyone for your support!
@slymyke your beard... it is AWE INSPIRING!!!!!
Mine? I think you tagged someone else, so not sure. -
#11 by DoberDaddy on 27 Oct, 2021 01:10
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#12 by SlyMike on 31 Oct, 2021 15:20
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@slymyke
Yes, YOURS! No mistake.
Thank you! I think you're tagging someone else so wasn't sure as my username isn't the same as my display name. -
#13 by Tyler on 01 Nov, 2021 18:22
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#14 by DoberDaddy on 02 Nov, 2021 23:52
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Ooops!