I thought the exact same thing about unlimited time off but there is another aspect of unlimited PTO that I hadn't thought of until my current company said they

I thought the exact same thing about unlimited time off but there is another aspect of unlimited PTO that I hadn't thought of until my current company said they were making the switch. The reasoning that was given for my company is that by switching to unlimited PTO it is going to free up cash and that cash can be used on other parts of the business. Two of the three major office sites for my company are in states that require payout of unused accrued PTO when an employee parts ways with the company. Companies that have offices in states that have the same rule about accrued PTO will have to have a larger cash reserve so that they can pay out to employees when they need to.