From article: Careers now last only 15–20 years. For experienced folks, job hunt is getting longer and financial stress is mounting

This is now. It will be exponentially worse when 10 years down the line when the peak population is at that stage

Founder

Growth Manager

Software Engineer

Always felt this was going to happen. Everybody  cannot get into top management. The biggest  PVT sector employer is IT sector, and that's starting to mature. The growth is not going to be the same as 15 years back. 
People, especially the one with little kids, are heading towards a very stressful phase.

Consultant

where i can read this? can you please share this? a pdf maybe

Program Manager

Feel this is such a crucial story. The possibility of holding sufficiently dignified jobs in your 40s and not getting replaced by genz

Welcome to News Discussion's Private Community

Ken's article on  'Unwilling Retirees'

Ken's article on  'Unwilling Retirees'- Grapevine

- The oldest members of Gen X are nearing 60, but many can't afford to retire due to financial instability and lingering debts.
- Gen Xers, born between 1965 and 1980, were the first to navigate the shift from traditional pensions to 401(k) plans, placing retirement responsibility on individuals.
- The 2008 financial crisis and ongoing student debt have significantly impacted their financial health, with many still supporting adult children and aging parents.
- Median household net worth for Gen Xers is lower than that of baby boomers at the same age, highlighting their financial struggles.
- Despite some success stories, many Gen Xers expect to work indefinitely, unable to rely solely on their retirement savings. 

 Source: [WSJ](https://www.wsj.com/personal-finance/retirement-gen-x-money-a42bad7b?reflink=e2twmkts)

Generation X Faces Retirement Challenges Amid Financial Struggles

Journalist

With careers now lasting only 20–25 years, those in their 40s and 50s are grappling with longer job hunts, mounting stress, and financial pressure. Agree?

Unwilling retirees

Welcome to Product Managers's Private Community

https://the-ken.com/story/why-more-40-somethings-are-becoming-unwilling-retirees/?utm_source=daily&utm_medium=email&utm_campaign=daily_newsletter

PMs, views on this? How are PMs above 40 faring in the industry ?

Product Manager

Welcome to Office Gossip's Private Community

"Companies today have a young workforce, with even their CEOs being under the age of 40. With a low average age today, companies prefer hiring younger candidates, simply because they'd gel well with the company culture and work design."

Retirement age 40

Welcome to Business Roles's Private Community

Will most of the people will lose their job because of age factor? Younger workforce will throw out most of the 40s workers?

Job at the age 40

Welcome to Indian Startups's Private Community

Hearing alot about GenZ not being serious about work, lack of expected manners, careless about impact (these are not my opinions) etc, i was wondering this is the reason why 
a) millennials are able to save their jobs bcoz their managers are used to of certain way of working 
b) freshers are not getting jobs as it was 3-4 years back, even out of top colleges! (Source - Latest IIT placement reports)

is it true or i am just being optimistic that my job is secured? 😂

GenZ as workforce

Sales Manager

Quoting from The Ken (which btw I would highly recommend).

How many of you think this is true for Bangalore and problems that we are facing now with this generation.

+++++++++++++

Between 2020 and 2022, investors pumped billions of dollars into startups whose founders and leaders offered up the mythical “hypergrowth” narrative. Those startups, in turn, pumped money to hire and grow a layer of mid-level and senior-level executives whose job was to deliver on that hypergrowth narrative.

And salaries went through the roof. Hikes of 50% and above were par for the course.

Cut to the present.

If overvalued startups are widely recognised as a problem, can overvalued employees escape the same fate?

A CEO of a prominent company estimates that “in product and tech, 20-30% are in this category”. 



- Extract taken from Ken

Unhireable category of employees, how true is this?

CEO will always say employees are paid too much 
  
 Who exactly is recognising overvalued startups as a problem? Most are still trying to run the grift and were only hampered by interest rates lowering their runway. You can see how many are opening AI startups that have nothing to do with AI whatsoever, not to mention the number of Crypto / Web3 companies in our country. 
  
 Executive pay has always been the problem, take a look at any graph showing the skyrocketing ratio of Executive:Employee salary ratio, and for terrible decision making and management as a trend.

Support Engineer

When I joined corporate world  in 2012, there were many 45+  and some 55+ folks among us..... 

Gradually I have been witnessing slow but steady change in demography.... After 10 years, I am rarely seeing any 55+ folks...and noticeable reduction in 45+ folks. 

My prediction is AI will make this slow change very steep in next 5 years and we would rarely see any average  but highly paid 45+ folks

Is unofficial retirement in corporate world decreasing year by year?

In a memo, Microsoft CEO Satya Nadella said that the company will be “making changes that will result in the reduction of our overall workforce by 10,

Indian man, fired after working for 21 years at Microsoft, pens 'thanks note' - Times of India

Must read

Customer Experience

Have you guys think about early retirement 45-50 
Let’s discuss ways to achieve that

Early retirement

Welcome to Software Engineers's Private Community

Dudes, come out of the mindset that you will do only one job like our previous generation did. Be comfortable in the thought that at your 40 you might be doing different things altogether. Stop asking questions like will ai replace us or i want career which won't replace me. There's nothing like that in knowledge economy.

AI replacing us

Recently, since last few years retire early has been a talk of the town. But I never understood the reason behind it. I mean, what are you going to do for the rest of your life. Isn't sitting on a couch or a beach and doing stuff which will not reciprocate in anyone's life too boring?

Why do people want to retire early in 30s?

Research Engineer

Welcome to IT Company Discussion's Private Community

I have years of experience, but feel invisible in interviews. How to successfully rebrand oneself later in their career?

How do you combat ageism in your career?

Planning out finances, hence this question. Also, we are the first generation (in most families) to retire from this sector. What is the age of the most senior employee you know in software. Hardly only 10% make it to the board/senior levels. How about the rest? And can we really take on this kind of stress and work after our 40s and compete with the younger generation?

What is the typical retirement age in the software industry?

Does anyone Have plans of escaping cooperate life

Early retirement plans

Welcome to Personal Finance's Private Community

I am feel like I will be unemployed and unemployable before 40. I am 29

working at shitty it service company with hardly significant savings and investment.

what you think about your future. I am surprised seeing my colleague buying farmhouse, big house and car. how do they get  such confident like they have permanent job and good pension.

what's your retirement plan?

Now a days work is never ever getting completed, we are working even after the office hours because every project is a p0 project, also managers are autocrative then a tech lead who dont have l0 knowledge but will comment on your timelines and i really doubt that with this culture in it industry i would really want to continue for long run. 
Are there some better career pivots that should be consider in mid 20s to avoid life long suffering ?

Hustle culture and toxicity

When I was in melbourne, I met a waiter in an Indian restaurant. He did his bachelor's in biotech and worked at this resto part time. Post his studies he got some job opportunity but stuck to this resto job. I asked him why? He said I get a free house and 2 meals. In 5 years I can collect enough money to go to hometown and buy 2-3 shops and m done for life. That time I was like how can a person be such? With no ambition?  
 Now I empathize after having high BP, neck pain, and many stress induced illnesses. Work on something, be really good at it and give it time. Its ok to be rich at 45, no need to have millions today. I used to think I missed the bus if I didn't make millions by 30. Now a bit wiser.

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