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" ... Corporations are in cost-cutting mode due to the virus outbreak and need to save money. A big way to save funds is to get rid of middle management. These are the 40-and-up group of folks. Roles are juniorized and middle managers are squeezed out. This means that mid-to-senior level jobs are eliminated and replaced with roles that only require three-to-five years of experience. You’ll notice the proliferation of job descriptions that only ask for candidates with three-to-seven years of experience and the titles are at associate or analyst levels. ... "
" ... One of the methods used to axe expenditures is to eviscerate middle-management positions. These roles are primarily held by professionals who are primarily in the 40-years-old and higher range. The positions are either done away with or juniorized, in which mid-to-senior-level workers are replaced with younger employees with considerably less experience. ... "