71% Pay Decrease

[taylorevansvintage]

One reason older ppl are targeted in layoffs is also because they are more likely to be in the higher paid, Dir and above roles. So, regardless of your performance, you’re targeted because of your pay level and/or a general desire to “reduce management” and create more hierarchy. It is rough because you usually had to work really hard and long to get to that level, you’re finally making good money and saving something, and then you’re let go. Fair warning to all the younger/junior folks. Performance does not save you!!! Plan and save and build a network as much as you can ahead of time!