Recently, I went into a bank to deposit money into some CDs. The woman who helped me was older and quite efficient. I just assumed she had been with the bank for many years. When I asked her how long she had been with the bank, she said, I’ve only been here about six months. She explained that she had been with a bigger bank that was purchased by an even bigger bank and management laid off all the women over 55 years of age. But wait, there’s more!
Ford is laying off 7000 workers. The media has lost 2,700 workers to layoffs.
According to Ars Technica when AT&T purchased Time Warner, layoffs occurred in 11 states due to “geographic rationalization [whatever THAT is] and employee surplus”. An inside source at CNN shared with me that in Atlanta, most of the layoffs were people 55 and older. I guess there was a need for “age rationalization” as well.