Well, the interesting thing is that the status quo of old is so unpopular, that these companies are learning the hard way that the top notch talent they want to exploit opened pandora's box and leaving them. Some of these baby boomer CACs like 75 years old, and when all of this is happening in the last 2-3 years. Even worse is when Gen Z males of all races are not even going to college anymore, and knowingly facing the hard realities that 80% of their employees will be catty, unhappy women in middle to upper positions due to the lack of availability of college grad males under 25. Gonna look very interesting in the next 5 to 7 years when the baby boomers are gone from the work force entirely and Gen X are entering their 60s.
breh some of these companies kinda don’t care because they know they can still reel in young employees who need money, want a foot in the door and are sold that finesse of one day moving up a few rungs (and some will move up)
but the name brand legacy companies have all either built up the tech arms of their business out of necessity or flat out gobbled up a smaller firm for a few million. And the transition hasn’t been that hard since at a base level these companies have a bunch of IT dudes in house already — might as well bring in the engineers along with mid 40s CTO
as for the top end (and management) at these legacy companies, most of them will die/retire in these positions. There’s no second act for them unless they have name recognition that could pay off elsewhere (like Anna Wintour getting a bag to go to a popular fashion start up).