Fuck this trend.
1. Unilaterally cut employee benefits without renegotiation
2. Blame “AI spending”
“AI spending” is now the go-to excuse to lay off and screw over your employees, no questions asked.
“A $2 billion tech firm is halting 401k contributions for staff”
https://www.thestreet.com/employment/a-2-billion-tech-firm-is-halting-401k-contributions-for-staff