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Are we counting boomers, too? If not, why not?
Because they are approaching retirement fast
Also would love to understand what they consider a "mental health reason." I think we used to call that "it's just too stressful."
Probably crisis-level symptoms of clinical depression, anxiety, panic disorder, unresolved trauma/PTSD, perhaps interpersonal issues (aka "I really don't want to go in today and see that person who makes those comments"), those sorts of things. You _could_ write it off as "it's just too stressful", but it wouldn't be entirely accurate IMHO.
Why do you think millenials and Gen Z have high levels of crisis-level symptoms compared to boomers, etc.?
It has been quite common for people of all ages to be fired for symptoms of depression, anxiety, schizophrenia, and even homicidal mania. Retirement does not change that history. Anyway, people 56 years old are considered boomers.
Yeah, it's not downward social mobility, crippling education and medical debt, 20 years of pointless war, militarized police and active school shooter drills, impending climate crises we're politically powerless to act on, ongoing erosion of workers rights, no expectation of ever owning a home or retiring, or any other number of uniquely grim realities these generations are burdened with - naw it's smartphones, instagram, and 'not learning to take control of your own life'... and your employer's HR department is here to help.

All social media did was make people realize they're not the only one.

I couldn't agree more. To add: at a few (crappy) jobs in the past, we were notified about an EAP (Employee Assistance Program), which seemed to amount to a phone number you could call for a few 30-minute conversations with someone about mental health issues, drug use, interpersonal issues at work, etc. Some of the phone numbers for the EAP were on little paper pull-offs near the punch-in clock. I don't think anyone used this system. I think it's pretty obvious why.
“In addition to all of these services that respond, we’re also taking a look at how you reduce some of the stress in the system — how you ensure that people don’t get to a place where they feel burned out,” says Katsoudas.

To address this, Cisco is currently offering its employees a five-session course designed to enhance concentration, resiliency and creative thinking, where participants learn simple cognitive strategies and engage in mental training exercises to optimize their performance at work.

What a joke, they don’t care about their workers, they care that their bottom dollar isn’t affected.