Within the past decade, engineering companies are beginning to lay off their older employees. By about 2014, Hewlett-Packard announced that the massive company will be laying off a total of 27,000 employees. Although the name HP is one held in high regard, many of these engineers will not bounce back so quickly.
Statistically, this large layoff consisted of mainly older workers who are perceived as too expensive to hire. This can be supported by the claim that many desirable openings in large engineering companies are paired with titles such as “post-doc” and “intern,” which are targeted for a cheaper, younger worker. In turn, these younger engineers will not only retain their original responsibilities, but assume those of the departed.
There is also the notion that American educational system is failing at teaching adequate mathematical skills. However, many of those laid off from HP excelled at mathematics in their American education institutions.
These older engineers are gradually losing their opportunities to even be considered and are no longer being recruited for six-figure jobs. Mark Zuckerberg, famous CEO of Facebook once said, “Young people are just smarter.” During the same year as the HP layoff, Facebook’s median age of workers was 29 years old, confirming the billionaire’s claim.
Moral of the story? If this trend continues, engineers should be conscious of layoffs down the career line.