[bork1]

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.

[imadethis]

They did pay out employees for their remaining bank of PTO when they announced the switch, so this should have limited financial impact.

[bhouston]

I 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...

[not_the_fda]

There 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]

Are people still happy about unlimited PTO being introduced? I thought it was shown that it reduces the average PTO taken.

[munchbunny]

It'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]

I 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

[moneywoes]

Does it really make remaining employees unhappy when people are less likely to claim PTO and don’t get pay outs after firing