00:00:00
We just saw Zoom and Deloitte cut
00:00:05
maternity leave.
00:00:06
And this is the first time we've heard
00:00:08
of a big cut like this. What we've been
00:00:10
hearing is firms adding benefits, firms
00:00:12
saying that they are increasing their
00:00:14
benefit package. Now Zoom and Deloitte,
00:00:16
two major companies come out and say,
00:00:17
"You know what? We're scaling it back.
00:00:19
We're cutting back the number of months
00:00:20
we offer for maternity leave. We are
00:00:22
cutting back on who is covered. Certain
00:00:24
categories of employees are going to
00:00:25
have fewer months than others." And I
00:00:28
think the reason that they can do that
00:00:30
is because of the soft labor market. And
00:00:32
so those two forces are going to be
00:00:33
fighting each other where on one hand
00:00:35
companies were making progress, but now
00:00:37
they sense an opportunity that says,
00:00:39
"Wait a minute. Jobs are in demand. We
00:00:41
can afford to spend a little bit less to
00:00:44
recruit and retain our employees."
