Companies cutting benefits like they’re optional… anyone else feeling this?
I just read a Business Insider article about companies quietly slashing benefits — parental leave, PTO, random “perks” and benefits — all under the guise of “cost optimization” or whatever buzzword they’re using this quarter.
I’m even hearing chatter about some companies pulling back or eliminating 401(k) matching too… which feels less like a “perk” and more like baseline compensation at this point.
Honestly… how much more miserable can they possibly make the corporate world? Curious if anyone else is seeing this in real life?
At my company, we used to get a $100/month wireless reimbursement for remote work (meant to cover internet or cell). Pretty reasonable considering I have to use my personal phone for work — emails, calls, being reachable 24/7, all that fun stuff. They just cut it to $75/month.
And yeah… on paper it sounds minor. “It’s only $25.”
But that’s $300 a year. For something that directly supports their ability to reach me whenever they want.
It’s also the principle of it. They pitch these things as “benefits” or “perks,” but over time they just slowly claw them back while expectations stay the same (or increase).
Like cool — I’m still expected to be fully connected all the time… just now subsidizing it more myself.
Anyone else dealing with stuff like this? Cuts to PTO, reimbursements, bonuses, 401(k) match, or other perks or benefits that seem like basic compensation for the job?