Here’s What a Late-Career Layoff Looks Like in America, in 5 Charts - WSJ

It is not uncommon to be laid off late in a career. Those who experience a layoff are more likely than people who quit to try to replace the jobs and salaries they lost. They are less likely to move into a new field than those who quit at similar ages, said Kevin Cahill, an economist at FTI Consulting.

Older career workers who find new jobs take an 11% wage cut, on average, according to a forthcoming study Cahill co-wrote. The pay cut was 15% for men and 7% for women.