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Personal Finance (Not Investing) • Laid off at 40 and ready to retire

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If you want, you can find another job at a similar compensation level at which you were laid off. It just takes time, sometimes lots of time.
My experience has been that "a similar compensation level" is often not the case. Often someone's value is in a combination of institutional knowledge and very specific technical knowledge that took decades to acquire and simply isn't applicable to other businesses or other technologies. If the business you're working at changes direction in some way such that the knowledge you have isn't applicable there, it might not be anywhere else either.
Thanks for the comment and sorry to hear your unfortunate experience.

There are other types of experience and with other, far more lucrative, outcomes.
I don't know that it's unfortunate; just realistic. Of course there will be a variety of experiences with better or worse outcomes. But I'll guess that among Bogleheads better outcomes are highly over-represented (simply due to a sort of survivorship bias), so I feel obligated to provide an alternative viewpoint.

Statistics: Posted by tibbitts — Mon Jul 15, 2024 11:35 am — Replies 199 — Views 15643



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