Older millennials have experienced significant layoffs compared to other age groups, leading to a challenging job market. Many are broadening their job searches and may settle for lower-paying positions or demotions. The Great Flattening trend has made middle management roles particularly vulnerable as companies aim to reduce costs. Individuals like Mary Monohan and Daniel Radmanovic highlight this shift; both faced job eliminations, with Radmanovic finding excitement in pivoting to a non-managerial role that allows him to focus on client work.
Millennials in management are in a tough spot. Caught somewhere between entry-level roles and the C-Suite, they're especially vulnerable to the Great Flattening, a trend of eliminating middle managers brought on by companies' desires to cut costs and bureaucracy.
Mary Monohan, 37, saw the signs when the powers that be started reorganizing teams and switching up her assignments: layoffs were coming. By the time she learned her manager role was being eliminated, she'd already been searching for new opportunities.
Daniel Radmanovic, 40, was laid off from his managerial position at Deloitte in October. He started actively job searching in January and said it was a 'soul-sucking learning experience.' However, on Friday, Radmanovic received a verbal job offer from a Fortune 500 company.
Collection
[
|
...
]