It also didn't help that his wife gave him no support. Telling him to not tell anyone, and leave carrying a brief case each morning and not come home until late to it looks like he is still working. That alone would depress anyone. As if he should feel ashamed. I know people who lost their job and while looking for a job they enjoy spending time with their spouse. She cared more about appearances than his happiness. So he hang out at a bar for days.
His is a sad situation because he came from a time when employers made promises and when someone is young they believe the hype, and then one day the company for whatever reason doesn't need you anymore. People have to entertain the notion all along that they are not their job and while they might love their job and the company, it shouldn't be their entire life. The worst thing I've heard in a company is, "Oh, that can't happen here", and sure enough massive downsizing comes along.
I don't know Phil's exact job function at GTX, but sometimes people get into some level of management and are involved in things so specific to the company those skills are very difficult to use at another company. But if all along, Phil didn't worry about anything because he felt the company would take care of him, that was his mistake.
But this is grounded in many successful large companies having people work there their entire working life and retire with a pension. So their expectation is that this is what employment will be like. It's a thing of the pass and has been for a long time.
No one should be seeking a job with the expectation that they will retire from that company any longer.
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