Feed: All Latest | Companies Keep Slashing Employees’ Benefits for the Worst Reasons by Lauren Goode AI generated summary, Read the full article for complete information. Companies across the U.S. are slashing non‑wage benefits, with TTEC suspending its discretionary 401(k) match for 16,000 workers, Deloitte cutting paid time off, halving parental leave and eliminating a $50,000 family‑planning reimbursement, and Zoom trimming maternity leave from 22 to 18 weeks. While firms point to rising health‑care costs—exacerbated by the lapse of Affordable Care Act subsidies and escalating premiums—as the primary driver, critics argue that “AI” is often a convenient veneer for broader cost‑cutting. The cuts disproportionately affect lower‑paid, non‑client‑facing staff, highlighting the United States’ reliance on private employers for basic benefits such as paid parental leave, which many see as a failure of federal policy. Scholars warn that eroding benefits harms employee wellbeing and can ultimately damage a company’s competitiveness, urging both corporate leaders and the government to adopt more humane, universal support systems. Read more: https://www.wired.com/story/companies-keep-slashing-employees-benefits-for-the-worst-reasons/ #TTEC #Deloitte #SarahjaneSacchetti #JoanWilliams #business_techculture