What I have observed at my company is that old white guys, who have the highest salaries on average, are let go at each re-org of the company. Instead of making room for them in an adviser or consultant position, for example, if there isn’t room for them in the org structure, they are gone (with severance of course). They don’t let them apply for other positions that may be open for which they are qualified and/or actually held 20 years earlier. No mercy. They leave with a lot of knowledge that is hard to replace. If left alone, they would have likely left in 3-5 years anyway on their own (maybe less).
Two of these folks that I know quickly found jobs in remoter parts of the country looking for tier 1 talent with lots of experience. Others did some consulting for a while. Others retired as they were more or less ready. The point is that a lot of experience is being forced out of the door unnecessarily just to make the numbers look good. From what I can tell, very few of the new folks coming in are tier 1 talent that can grow a business through innovation and new thinking.
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Last edited: Jul 26, 2020