IBM, HP, some of the other big institutional employers, found this out in the 1980s. They offered buyouts for senior employees. I'm not sure exact terms, but

IBM, HP, some of the other big institutional employers, found this out in the 1980s. They offered buyouts for senior employees. I'm not sure exact terms, but something like a year's severance and adding five years service time to your pension, because they did have company pensions back then. Some people just took the money and retired. Others took the money, and got other jobs, so they had a huge windfall and continued their careers And those who stayed behind? Some were company loyalists, but many were exactly those who felt they could never get a decent job anywhere else.