A whirlwind … no more merit increase, 401k match, stock (unless VP or higher), and layoffs to boot. Ship is sinking fast.
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They removed the 401K match entirely, from 6 % to 0 %.
New hires are not getting 401k match and stocks will only be for VP and above. Many candidates have dropped out due to the cyber attack, financial reports and the news of layoffs. This isn’t a company that anyone will want to work at if the do just a small amount of research.
@1oaj+1mUgQXMz there is no match. They will reinstate 401k match next year if those pesky "head winds" have magically cleared.
The 401k match when I left was one of the only good things left in the benefit package. How badly did they cut the 401k match?
clearly they have no plan of recruiting in the near future. It is all loud and clear
How are they going to recruit in future? the package just isn't competitive. Or will new starters get the benefits we've had removed?