Question: The advent of AI / Robotics / Cloud / IOT and other technologies presented tremendous growth opportunities to a firm in the New Economy. But

The advent of AI / Robotics / Cloud / IOT and other technologies presented tremendous growth opportunities to a firm in the New Economy. But it also imposed cost challenges -- with too many non tech-savvy and older staff.
The firm realized they had too many employees, and decided to downsize by letting 20% of its staff go.
It launched a Voluntary Separation Scheme (VSS) to encourage people to take a good payout and leave.
The firm was hoping the older staff in the firm (with more than 20 years of service and those who were not tech-savvy) would take this opportunity and happily go.
In a Management Meeting 6 months later, the HR Manager was shocked to see the results. The older staff were still around. However, a sizable number of the Top Talent in the firm (High Potential / High Performers / Younger staff) had taken the package and left.
What happened?
The Top Talent saw a great opportunity to make money and start a new career elsewhere -- they had a job market outside
The Senior Staff were too comfortable and entrenched, and felt they have nowhere to go after this firm -- since their skills may not be marketable readily
Firms are more willing to hire and invest in younger high performing employees as opposed to seniors
All of the above
B & C

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