In a bit of irony, when my last company did this, we all had a conspiracy theory that the goal was to reduce the cost of the layoff. As it turns out, there was

In a bit of irony, when my last company did this, we all had a conspiracy theory that the goal was to reduce the cost of the layoff. As it turns out, there was a layoff a few months after the change, but the company paid out all of the PTO that people had previously accrued.