But, as you said, C-suite comps won't go down. Neither do VP comps. But the people rehired, oddly, are all younger. And that is ageist.
Not if they axe the position. Neither if it's in a single instance. But if, at scale, older people are fired, younger people are rehired, and comp doesn't change significantly - yeah, sorry, that's ageist.
There's a reason many companies instead offer folks a juicy "if you leave, have a chunk of money" package - they do want younger people for one reason or another (and I don't think it's fundamentally wrong to want a change) and this a way to do this in a way that does not discriminate.
IBM's leaning hard into being an asshole instead. There's a reason they've had reams of discrimination lawsuits. Significantly more than comparable companies. Let's not make excuses for them, they have lawyers for that.
Is it though? Or is it just that younger people are just cheaper to hire? It’s the same reasoning in reverse. Older people with more experience demand a higher pay. And if you’re motivated—again, wrongly—just by money you probably will end up hiring younger. Because it’s cheaper.
And again, I think it’s dumb. Just not ageist. It’s probably greed which is not uncommon in the business world.
That's the issue.
And it’s clearly a stupid argument because there are other factors and not just age.