Yep, you figured it out. Preset PTO must be paid out (at least by CA laws), "unlimited PTO" pays bupkis if you don't use it. If the workforce routinely under-ut

Yep, you figured it out. Preset PTO must be paid out (at least by CA laws), "unlimited PTO" pays bupkis if you don't use it. If the workforce routinely under-utilizes the PTO (which is easily achieved both culturally and managerially) the whole scam is pretty clear.