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I'm 49 and I would have loved to retire at IBM, unfortunately they had other ideas, amd I was included in the RIF back in December of last year.
Here I sit unemployed for the past 6 months, unsure when I'll get back to work, savings set to hit zero at the end of the month. My plans for retirement are definitely not coming to pass, God willing I'll land a new role that will allow us to get back on track, preferably in miracle fashion before our house sells.
IBM was one of my dream jobs at one point... Now not so much. I used to dream about working yet IBM, Microsoft, and even Google it on point. There's just no way I would ever work for those companies now considering how quickly they hire and fire people. Microsoft used to pride themselves in never having layoffs
I’m 55. I worked at my first company for more than 20 years & was laid off in 2012 (was 42). Like everyone else, lost everything (savings, house). Went back to school to finish incomplete degree, changed careers, and now make 4x what I did at the layoff.
I’d still like to retire at ~65, but I don’t know if that’ll be possible. Starting over completely, even at a young 45, is a very tall order. Starting over older than that would be exceedingly difficult.
55 and hoping to hang on until at least 60, preferably 62 (I need insurance). What keeps me up besides the stress of the actual job is the fear of being outsourced by technology or offshore workforce.
Offshoring is the dumbest idea in the world. It never works, and after 10 years they end up having to bring the jobs back. They relabel it as investing in The United States, but it's actually to fix a bad product. Then for 10 years, maybe 15 if we're lucky, Americans have jobs until the next accounting manager hopes to be CFO and presents offshoring again
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I turn 60 in October. Would like to retire at 64 at the latest. Longest I've worked anywhere is my current company, 6 years, and even that tenure is as a boomerang employee. I spent the majority of my career at digital agencies, which all started out as undies but then got sold to holding cos. I'm pretty well respected at my current employer, a very large financial services company. Some things I did late in my career that I think helped me: I shifted back to being a SME/practioner rather than continuing up the ranks managing ppl (I work in UX Strategy and design). We had layoffs a couple of years ago where I worked, everyone was a mid level manager of ppl, not a hands on "doer". I've also kept my skills fresh, but marry them to my edge - lots of "been there, done that" knowledge from prior projects. We have all been pushed to embrace AI, so I have, but I feel like I've been smart about it. But I try to emphasize to teams where we can go faster intelligently, but that means being very conscious in other areas where I've seen teams mess up, again and again. I've also carved out a role where I can work across teams and departments and help them avoid working in silos. Another thing that has helped me is keeping involved with contract and freelance work throughout my career, even when I had a FT role. Freelance is how I got back on the radar of my current employer, they had someone quit suddenly in another dept. The fact that I was a known entity, had a former manager who endorsed me, etc., definitely helped me get the FT role that opened up. I think things used to "keep me up at night" moreso when I was in my 40s and early 50s, when my kids were dependent on me. Now if my job was to end, I can probably walk away with a slightly more modest retirement, do something part time. Health care coverage is really my cost/concern at this point. The other important factor has been just keeping control of my expenses/cost of living. I never really "scaled" my major expenses up as my income did - nice modest homes in nice modest neighborhoods. Good, but public, schools for my kids. State Universitys for them, which meant no debt for them. Used cars, not brand new ones. Pay off credit cards every month. Nice, but modest vacations. All of that means I've got a lifestyle that is safe, comfortable, and most importantly, affordable. So between now and actual retirement in 3 to 4 years it's about maxxing things out, putting an extra cushion on what I have.
I was with a company for 30 plus years. When they shut down,i got a final paycheck. No severance, did get unemployment. I struggled to find a job that was more than temporary. Got a job at a warehouse, but it has horrible working conditions. No heat in winter, no AC in summer. I got fired for being sick too often . Now ,I work retail, part time. Its not the best paying, but it is a job.