I am seven years from retirement, and was laid off by HP. I was informed by my manager at HP that my dismissal was just about numbers. At HP, like many other large companies, you are only as valuable to the corporation as your current managers opinion. Their 2nd. Qtr. financial reports will be out in 3 days, and they will not be good. I would expect salary cuts, and possibly furloughs/additional layoffs.
Posted by @Fuzz+142QuUPB.