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After 24 years with the same company, my position was unceremoniously eliminated this week with 2 weeks to transition and leave. The company is going through 20% headcount reductions and I was just too expensive to keep. Admittedly my long tenure has afforded me a good severance package so I should be grateful for that. I always said I would like to retire from this global pharma company if they would let me because my compensation was fair and I genuinely believed we were making a difference in the world notwithstanding all the negativity about the industry. That won't happen.

I am 58, too young to retire but hopefully not too old to be hired. I'm having a really hard time, have no idea which direction to go, and feel like the father in White Lotus. So much pressure with adult kids who still rely on me financially for healthcare and stuff and an ex-wife (we are amicable) who relies on my alimony for her mortgage and other things. And then there's the economy...

I'm scared and anxious and just not in a good place emotionally.
 
Rich said:
After 24 years with the same company, my position was unceremoniously eliminated this week with 2 weeks to transition and leave. The company is going through 20% headcount reductions and I was just too expensive to keep. Admittedly my long tenure has afforded me a good severance package so I should be grateful for that. I always said I would like to retire from this global pharma company if they would let me because my compensation was fair and I genuinely believed we were making a difference in the world notwithstanding all the negativity about the industry. That won't happen.

I am 58, too young to retire but hopefully not too old to be hired. I'm having a really hard time, have no idea which direction to go, and feel like the father in White Lotus. So much pressure with adult kids who still rely on me financially for healthcare and stuff and an ex-wife (we are amicable) who relies on my alimony for her mortgage and other things. And then there's the economy...

I'm scared and anxious and just not in a good place emotionally.
Click to expand...
sorry to hear that. I got the axe very similarly at that age....it's a battle trying to find something as good as what you had...hang in there.
 
Rich said:
After 24 years with the same company, my position was unceremoniously eliminated this week with 2 weeks to transition and leave. The company is going through 20% headcount reductions and I was just too expensive to keep. Admittedly my long tenure has afforded me a good severance package so I should be grateful for that. I always said I would like to retire from this global pharma company if they would let me because my compensation was fair and I genuinely believed we were making a difference in the world notwithstanding all the negativity about the industry. That won't happen.

I am 58, too young to retire but hopefully not too old to be hired. I'm having a really hard time, have no idea which direction to go, and feel like the father in White Lotus. So much pressure with adult kids who still rely on me financially for healthcare and stuff and an ex-wife (we are amicable) who relies on my alimony for her mortgage and other things. And then there's the economy...

I'm scared and anxious and just not in a good place emotionally.
Click to expand...
Ouch! So sorry. Too much of that going around just now.

-jk
 
Rich said:
After 24 years with the same company, my position was unceremoniously eliminated this week with 2 weeks to transition and leave. The company is going through 20% headcount reductions and I was just too expensive to keep. Admittedly my long tenure has afforded me a good severance package so I should be grateful for that. I always said I would like to retire from this global pharma company if they would let me because my compensation was fair and I genuinely believed we were making a difference in the world notwithstanding all the negativity about the industry. That won't happen.

I am 58, too young to retire but hopefully not too old to be hired. I'm having a really hard time, have no idea which direction to go, and feel like the father in White Lotus. So much pressure with adult kids who still rely on me financially for healthcare and stuff and an ex-wife (we are amicable) who relies on my alimony for her mortgage and other things. And then there's the economy...

I'm scared and anxious and just not in a good place emotionally.
Click to expand...
I’m sorry to hear this.
 
Rich said:
After 24 years with the same company, my position was unceremoniously eliminated this week with 2 weeks to transition and leave. The company is going through 20% headcount reductions and I was just too expensive to keep. Admittedly my long tenure has afforded me a good severance package so I should be grateful for that. I always said I would like to retire from this global pharma company if they would let me because my compensation was fair and I genuinely believed we were making a difference in the world notwithstanding all the negativity about the industry. That won't happen.

I am 58, too young to retire but hopefully not too old to be hired. I'm having a really hard time, have no idea which direction to go, and feel like the father in White Lotus. So much pressure with adult kids who still rely on me financially for healthcare and stuff and an ex-wife (we are amicable) who relies on my alimony for her mortgage and other things. And then there's the economy...

I'm scared and anxious and just not in a good place emotionally.
Click to expand...
I'm so sorry to hear this. This is the age I jokingly refer to as the family mandatory retirement age - father, both brothers, and a sister retired at that age. Only one was voluntary. My only suggest is to use the time covered by severance wisely to look.

BiL in pharmaceutical industry went through this. Former co-worker at another company reached out and he was a contractor then employee with another pharmaceutical company until kids done with school and he could retire.

Sending vibes and prayers that you come out in an even better situation as you go through this transition
 
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