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URL:  https://boards.fool.com/layoffs-are-a-somewhat-different-but-related-28678236.aspx

Subject:  Re: Spouses Who Quit Working Date:  8/4/2010  12:13 PM
Author:  vkg Number:  298806 of 312858

Layoffs are a somewhat different but related subject, I think.

Layoffs are different. The number of high tech jobs in this area is decreasing. There are a significant number of highly trained good people, who cannot find jobs equivalent to what they had.

There is significant age discriminiation for high tech jobs. Those that were older and were continuing to work because they enjoyed the work accepted forced retirement. Some who didn't enjoy their work and were offered an early way out, took the carrot and never looked back. It isn't so easy for those who should be on the verge of retirement, but have spent unwisely and will never be able to retire.

The reality is that many will never be able to find a job here equivalent to their previous job. A few have found jobs elsewhere and have moved to Texas or the Research Triangle area.

Younger employees have to face the difficult reality that it will be necessary, at least for now, to accept underemployment. I have far more respect for those that have accepted it and moved on, than those who are floundering while holding on to the past. It doesn't mean that you shouldn't or can't continue to look for a better job. Interviewing from a position of doing what is necessary to support your family until finding a better job is a much stronger position than being unemployed for multiple years.

Some older employees are also caught in a web of supporting their adult children and grandchilden. They adult children need to find a job (any job) and support themselves and their children.
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