Companies Keep Slashing Employees' Benefits for the Worst Reasons

Companies Keep Slashing Employees' Benefits for the Worst Reasons Workers are getting worse health care, parental leave, and retirement benefits, showing once and for all that your job doesn't love you back. Employee benefits are in the spotlight this week, and that's because of three recent stories about US companies cutting back on non-wage compensations for workers. A Texas tech consulting firm with a forgettable name--TTEC--suddenly became a lot more memorable when it suspended its discretionary 401(k) match program for 16,000 employees through at least the end of 2026. According to Business Insider, which viewed an internal TTEC memo, the company plans to invest in AI certifications, AI tools and training, and automation, among other things. The auditing and consulting giant Deloitte is also reportedly slashing benefits for some workers starting next year.