As a 46 year old, 25 year tech veteran, white dude, holding C-positions numerous times, I think what it indicates is that the first hire of certain kinds of positions aren't likely to go to people like me anymore. It closes doors all around, to people of a given demographic.
These things swing to extremes, but harm will come to some. There are still good candidates out there with mortgages, families, etc.
I'm self-employed now and don't expect to ever put myself into someone else's employ (that's my tip to everyone else in the 40+ camp... entrepreneurialism isn't a groovy lifestyle choice, it's the offensive measure to secure your future --- business startup and continuity risks notwithstanding), but the "we need diversity" bell is now mine to ring. That said, I used to dream of creating a startup, building a team, growing a business --- now the dream is zero employees. It's me and my (life) partner, and we won't take on employees if we can help it.
These things swing to extremes, but harm will come to some. There are still good candidates out there with mortgages, families, etc.
I'm self-employed now and don't expect to ever put myself into someone else's employ (that's my tip to everyone else in the 40+ camp... entrepreneurialism isn't a groovy lifestyle choice, it's the offensive measure to secure your future --- business startup and continuity risks notwithstanding), but the "we need diversity" bell is now mine to ring. That said, I used to dream of creating a startup, building a team, growing a business --- now the dream is zero employees. It's me and my (life) partner, and we won't take on employees if we can help it.