00:00Deloitte is cutting down key benefits like PTO and parental leave for some of its U.S. employees.
00:05The changes affect workers in the firm's center talent model,
00:08which broadly refers to employees in back office support roles like admin, IT, and finance,
00:13and will come into effect in January.
00:16According to internal documents and a meeting recording,
00:18some employees could lose up to 10 vacation days.
00:21Paid family leave is also being reduced from 16 weeks to 8.
00:25One Deloitte worker who has been at the firm for over 10 years
00:28told us the changes feel like a huge regression.
00:31A Deloitte spokesperson said that benefits were being tailored
00:34for a small subset of professionals to better align with the marketplace.
00:38The changes are part of a larger restructuring at Deloitte,
00:41aimed at modernizing the company's talent architecture.
00:44But the big four firm is not alone in tightening up workplace policies.
00:48A harder edge management culture has taken hold across corporate America
00:52and companies like Meta, Google, and Amazon
00:54have reined in perks and raised performance expectations.
00:58Putting more pressure on workers.
01:01Experts say global economic uncertainty is forcing companies
01:04to reduce costs where they can.
01:06So far, they've mostly focused on tightening travel budgets
01:09and scaling back the nice-to-have perks.
01:12Could this be the start of a tougher round of benefit cuts?
01:15Read the full story at Business Insider.
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