undefined | Better HN

0 pointssbarre3mo ago0 comments

To be fair, the whole job market has changed. Layoffs and the death of "a job for life" is not unique to IBM.

I think the pace of progress and innovation has, for better or worse, meant that companies can no longer count on successfully evolving only from the inside through re-training and promotions over the average employee's entire career arc (let's say 30 years).

The reality is that too many people who seek out jobs in huge companies like IBM are not looking to constantly re-invent themselves and learn new things and keep pushing themselves into new areas every 5-10 years (or less), which is table stakes now for tech companies that want to stay relevant.

0 comments

ownagefool3mo ago

Honestly, I think that's people reacting to the market more than it's the market reacting to people.

If your average zoomer had the ability to get a job for life that paid comparably well by a company that would look after them, I don't think loyalty would be an issue.

The problem is today, sticking with a company typically means below market reward, which is particularly acute given the ongoing cost of living crises affecting the west.

j / k navigate · click thread line to collapse