"Zoom has reduced the number of weeks of paid parental leave it offers, while Deloitte is also planning to do the same for select groups of workers starting in January. The changes could be an early signal of a broader shift: In a tight labor market, even highly valued benefits may be on the chopping block."
"Once a few marquee employers make bold moves, others may be inclined to follow. 'It legitimizes that action for everybody else,' said former Google head of human resources Laszlo Bock, who now advises startup founders."
"At Zoom, birthing parents now get 18 weeks of paid parental leave, down from 22 to 24, and non-birthing parents get 10 weeks, down from 16, a spokesperson for the video-conferencing company confirmed."
"Deloitte's reduced parental leave benefits will mainly affect workers in support roles, such as administrative services, information technology, and finance."
Zoom has reduced its paid parental leave from 22-24 weeks to 18 weeks for birthing parents and from 16 weeks to 10 weeks for non-birthing parents. Deloitte is also planning to cut parental leave benefits for select workers starting in January. These changes reflect a broader trend where employers are scaling back on perks to manage costs. As major companies make these adjustments, it may encourage others to follow suit, indicating a shift in workplace benefits amid a tight labor market.
Read at www.businessinsider.com
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