In Cutting mature workers widens the wisdom deficit at Businessweek magazine Alaina Love writes:
“Companies that cut seasoned employees without considering the wisdom and knowledge lost are making an expensive, if not disastrous, mistake.”
Love is on the money. There’s a temptation to cut older workers because they often cost more to employ than younger workers. However, that higher price is what companies have been willing to pay in order to buy access to the contents of the older worker’s head.