Is 35 now over the hill?

Is 35 now over the hill?

Telecom giant LM Ericsson AB is offering buyouts to up to 1,000 of its employees in Sweden, a voluntary package that is only being offered to employees between the ages of 35 and 50.

The novel initiative is meant to clear the way for younger workers. Ericsson also announced plans to hire 900 new employees—only those under 30 need apply—over the next three years.