Just read this story.
Basically if you are 10 years out of school, you cost too much so they are kicking you out of the company. And hiring new grads to do the work.
I watched this happen in Lockheed Martin and it resulted in a bunch of issues because the new kids, while smart and well educated had not gotten the years of scar tissue that result from doing the work for a couple of decades. Lots of mistakes were made. Stuff started blowing up on the pad or failing to reach orbit. Then they decided, maybe we made a mistake.
The head of GM is from HR. Everyone knows that the only reason a company has HR is to protect the company from its own employees. And to get rid of them when they are used up.
Regular raises and a pat on the back until you get to mid-career then its out the door you poor sap. You cost too much! Your skills are too old! You are too old!
The new American dream.
I have been in an industry where I have been able to make my experience a positive but I have watched the kids come in the door with a big smile on their faces, then seen their backs as they get booted out the door.
I actually watched on more than one occasion a mid-career engineer get called into the managers office, is handed his raise. They shake his hand. Tell him what a good job he is doing. Then "One more thing Bill . . " and since he now costs too much they give him his layoff notice and escort him out the door. They don't even get to go back to their desk. No farewell party. No time for good byes. He went from a trusted, valued employee to a liability and a part of a quota to cut costs.
I watched some of these guys get laid off in the 90s and they NEVER came back into an engineering job. They take their money and open a sandwich shop or a coffee shop.
One of my boss's got the call while I was in his office. They told him that they were laying off a bunch of mid level engineer individual contributors and for "balance" they decided to lay off ONE mid level manager. And HE was the lucky winner! Come on down! Here is your layoff package. No hard feelings. You are a great guy, did a great job for us for 18 years but we gotta demonstrate to the little people that we are "fair" and you are the token manager being cut! Enjoy the rest of your life. Just get out by the end of the day please. He found a job with the phone company working requirements and loading analysis at half his pay but he was happy to be out of the rat race and stayed there for the next 20 years.
Color me disgusted in Colorado