I'm 52 and I've heard horror stories about how hard it is to find a job in our field at my age. I've been working at Arm for more than 15 years and I thought I'd retire from here. The idea of starting over somewhere else is scary and I'm not looking forward to it at all if it comes to pass. Good luck everybody, we're all going to need it.
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I am also 50+ and actually found myself having to job hunt just as the pandemic was hitting. I came in with the same fears you have, but found that there are definitely positions out there. The hardware side of tech is a lot more accepting of age than maybe some of the consumer-facing parts are, especially if you have deep experience. Good luck!
Which side of the atlantic are you on?
I think you'll find there's a lot out there. You just need to position yourself well to show you have a broader skillset that works beyond a single company.
Considering you have been in ARM then arm 15 years, made it through 4 culls, you have been through the crazy busy years and you are likely either highly capable or socially skilled.
You will probably be fine but, if you are worried, you might want to hit the competition for backup. Lots of options in the silicon and software business, give them a shout, they'll be understanding.
If you are over 50 you better have kept yourself in great shape physically, mentally and have the ability to learn and adapt quickly. For older workers personal branding becomes massively important as you are competing with not only younger workers in your country but millions around the world.