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looks like a mechanism to clear out some L65+'s
Today I learned that "senior director" is apparently L67. (I guess it's not a title you typically see on product teams.)
Age discrimination.
I guess they had to do the 'voluntary' bit as otherwise they are likely looking at a class action lawsuit claiming blatant age discrimination.
If you are eligible though, I wonder just how 'voluntary' the process actually is, esp if the company tells you that a PIP is coming otherwise (of course in a nice, legally defensible way)