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Seems predictable that this announcement would come right after switching to unlimited PTO. I would imagine this reduces the money that the company plans to pay
by bork1 4y ago
Seems predictable that this announcement would come right after switching to unlimited PTO. I would imagine this reduces the money that the company plans to pay out by quite a bit if they used to pay outgoing employees for unused PTO. Maybe I'm being unnecessarily cynical, though.
- bhouston 4y agoI think it is more about the employees who stay. Giving unlimited PTO is a way to make the remaining employees more happy. So it is like a way to try to balance out the negative effects of the layoff on team moral...
- moneywoes 4y agoDoes it really make remaining employees unhappy when people are less likely to claim PTO and don’t get pay outs after firing
- not_the_fda 4y agoThere is nothing unlimited about unlimited PTO. Its a removal of a paid benefit. When they let you go they don't have to pay for accrued PTO. There is no contract stating how much PTO you can take, its up to your manager, could be zero, could be four weeks, who knows. Could change when your manager changes. Its an accounting trick to remove PTO from the accounting books and remove a paid benefit to employees.
- dubbel 4y agoAre people still happy about unlimited PTO being introduced? I thought it was shown that it reduces the average PTO taken.
- munchbunny 4y agoIt's mixed. From my personal observations the more junior folks and the people less up to date on the discourse around unlimited PTO are happier, but people who are aware of the knock-on effects on company culture, pressure to deliver, etc. are unhappy.
- Firmwarrior 4y agoI wish I could get unlimited UNpaid time off. 90% of the value I create at work happens during initial factory line bringup and the last few weeks before shipping something. I'd go hang out somewhere cheap and live like a king most of the year
- imadethis 4y agoThey did pay out employees for their remaining bank of PTO when they announced the switch, so this should have limited financial impact.