Have to agree because I've seen the same. One of my mentors was laid from a major tech employer after > 18 years with this organization. He's on a lengthy severance package, his kids are out of high-school, their college is set up, and he's sold out of California and moved to the other side of the country, having now bought property near where he grew up, and has started teaching as an adjunct for a nearby university. Not retired, per se, but this man has a Wikipedia page that highlights his career in this industry -- he has so much more to give but no tech employer to give it to. Good for the kids he's going to be teaching, maybe, hopefully, but it's sad to see him essentially forced into retirement for $REASONS.