Facebook, as a big brand, is finished. That's just the way it goes. Even though its earnings exceeded Wall Street estimates, Wall Street kicked it to the ground with a 8.52% decline in the stock price. Facebook closed at 26.84. (In after hours trading there was more carnage.) Seems the growth rate has slowed, profit margins are smaller, and expenses are out of control. It's rare that companies can be like Apple which returned from the dead. Mark Zuckerberg is no Steve Jobs.
The analogy here of being finished and professionally dead are the associates who don't make partner. There they were associated with a premier brand with big time clients. As Mark Herrmann points out in his new book "Inside Straight" (here you can order it), the powers that be are unlikely to give signals to associates that they are on short time. After all, they want to keep the help pulling those serial all nighters.
Not making partner after seven, eight, nine years is understandably the end. I have only heard of a few situations of those who went on after that. One was a she and she landed happily in journalism. Somehow she made peace with not making $300,000.
The dynamics of the collapse seem two fold. One society cleans its hands of you. You're first tormented, then become invisible. Two, you can't forgive yourself. One expatriot from the legal sector has been in executive communications, that is ghostwriting and scriptwriting, forever. Even during boom times in which $100,000 was low and $250,000 was about right, he pulled in $40,000. His wife left him. Years before that, his mind did.
Can associates exit this emotional march to death? A guide which really does help is "Radical Acceptance" by Tara Brach. (Here you can order it.) It's saved several lives of those I have coached. They started with Chapter 8 "Awakening Compassion for Ourselves."