🦔Deloitte is cutting parental leave from 16 weeks to 8 weeks, reducing PTO by 5 to 10 days, eliminating $50,000 in IVF and adoption reimbursement, and freezing pension accruals for employees in internal support roles including admin, IT, and finance, effective January 2027. The company employs 181,000 people in the US and posted $35.7 billion in revenue last year, up 8%. A spokesperson described the changes as tailoring benefits to better align with the marketplace.
My Take
Deloitte charges clients hundreds of thousands of dollars to advise them on workforce strategy while cutting parental leave in half and eliminating IVF coverage for the people keeping its own systems running. The internal support staff losing these benefits aren't junior consultants billing 70-hour weeks on client engagements. They're the IT, finance, and admin employees whose work makes the billable side of the business function.
I don't buy the marketplace alignment argument. Deloitte grew revenue 8% last year and posted $35.7 billion. This isn't a company making hard choices under financial pressure. It's a company making easy choices because the job market is weak enough that it can. Cutting parental leave and IVF coverage isn't trimming a perk. It's a decision about whose family planning the company considers worth supporting, and the answer landed on the employees with the least leverage to push back. That lets me know everything about how these companies view the people who aren't directly billable.
Hedgie🤗