Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

Old Dogs, New Tricks


Frontier -- Trends

Old Dogs, New Tricks

In today's hot job market, most laid-off workers move on to another company--unless they're managers over 40. According to the 1999 Job Market Index by Challenger, Gray & Christmas Inc., more than 92% of the firms launched by downsized execs in 1999 were started by people over 40. It's not always a choice. The survey suggests older workers find it's harder to get jobs. The good news? Average length of severance rose to a record 21.8 weeks--providing ample time and money for the downsized to get started.Return to top

Return to top


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus