{"id":130715,"date":"2025-04-14T05:21:16","date_gmt":"2025-04-14T05:21:16","guid":{"rendered":"https:\/\/alertindianews.in\/?p=130715"},"modified":"2025-04-14T05:21:16","modified_gmt":"2025-04-14T05:21:16","slug":"ceo-explains-why-employees-in-their-40s-are-losing-jobs-globally","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=130715","title":{"rendered":"CEO Explains Why Employees In Their 40s Are Losing Jobs Globally"},"content":{"rendered":"

The CEO of a grooming and personal care products company has shed light on a concerning pattern of layoffs targeting professionals in their 40s, who often earn high salaries and have substantial financial commitments.<\/p>\n

Shantanu Deshpande, the CEO of Bombay Shaving Company, talked about the \u201cglobal phenomenon,\u201d highlighting how this age group took the most severe hit because of their seniority and higher incomes.<\/p>\n

He explained that employees in their 40s were frequently the first to be let go when budgets grew tight because they were among the “highest paid” in their organisations.<\/p>\n

\u201cMany professionals in their 40s are juggling college expenses for their children, financial support for ageing parents, EMIs, and often with limited savings,\u201d Mr Deshpande said in an Instagram post.<\/p>\n

He added that the expected \u201cgolden salary phase\u201d was still ahead for several people in the age range of the late 40s or early 50s. Being fired at this point is a \u201cfinancial and emotional disaster\u201d and disrupts long-held career goals and financial trajectories, he said.<\/p>\n

Mr Deshpande said the situation was \u201cdeeply concerning\u201d.<\/p>\n

He called losing a job in one’s 40s\u00a0a \u201cmassive destabiliser\u201d on both a financial and emotional level. \u201cThey have children going to college, money to send to parents, EMIs to cover \u2014 and not a lot of savings. It’s very, very worrying,\u201d the CEO said.<\/p>\n

\n
\n
\n
<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/g><\/g><\/path><\/g><\/svg><\/a><\/div>\n
\n
View this post on Instagram<\/a><\/div>\n<\/div>\n
<\/div>\n
\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n

A post shared by The BarberShop with Shantanu (@thebarbershopwithshantanu)<\/a><\/p>\n<\/div>\n<\/blockquote>\n

\nMr Deshpande also addressed the financial and emotional burden this age group faced. \u201cThe stress is real, and the pressure intense,\u201d he added.<\/p>\n

The CEO\u00a0provided three essential survival techniques to lessen the effects when asked on LinkedIn what the solution to this \u201cglobal phenomenon\u201d was.<\/p>\n

\u201cUpskilling on AI, saving more, building entrepreneurial mindset,\u201d he said.<\/p>\n

Several online users claimed that people in this age bracket must diversify and upskill to stay competitive since many have trouble finding suitable positions because of their expertise and expected salaries.<\/p>\n

One LinkedIn user said in part, \u201cThe most vulnerable are the ones between 40 to 45, and they are the first ones to receive the axe,\u201d adding that it was particularly true when moving from large companies to startups in search of higher pay.<\/p>\n

A second user added, \u201cYes 40 if they lay off then all will stop paying EMI & bills and more and more defaulters will increase and it’s a global issue.\u201d<\/p>\n

One Instagram user pointed out: \u201cIt’s difficult to change your skill\u201d at this age.<\/p>\n

The user noted that the individual has \u201calready worked for 15 years on the same platform or business module\u201d and upskill needs\u00a0\u201cinvestment of time and money which the organization may not agree to.\u201d<\/p>\n

According to a recent 2025 World Health Organization report, 40 per cent of impacted workers experience extreme stress due to such layoffs. Middle-aged males, who frequently bear most of the financial burden in Indian households, are most affected.<\/p>\n

\u200bBombay Shaving Company boss Shantanu Deshpande said the situation was “deeply concerning”.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

The CEO of a grooming and personal care products company has shed light on a concerning pattern of<\/p>\n","protected":false},"author":0,"featured_media":130716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-130715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV.jpeg",800,800,false],"thumbnail":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV-150x150.jpeg",150,150,true],"medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV-300x300.jpeg",300,300,true],"medium_large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV-768x768.jpeg",640,640,true],"large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV.jpeg",640,640,false],"1536x1536":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV.jpeg",800,800,false],"2048x2048":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV.jpeg",800,800,false],"morenews-large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV-800x575.jpeg",800,575,true],"morenews-medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/04\/je2hj03k_shantanu-deshpande_625x300_14_April_25-FHEkEV-590x410.jpeg",590,410,true]},"author_info":{"display_name":"","author_link":"https:\/\/alertindianews.in\/?author=0"},"category_info":"Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/130715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130715"}],"version-history":[{"count":0,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/130715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/media\/130716"}],"wp:attachment":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}