Deloitte and Zoom’s trims to parental-leave benefits may hurt them in long run, experts say
Summary
Deloitte and Zoom, two large US companies, are reducing the amount of paid parental leave they offer to employees. Experts warn that while these changes might save money now, they could harm the companies in the long term by lowering worker productivity and satisfaction.Key Facts
- Deloitte will cut paid parental leave from 16 weeks to 8 weeks for some support-role employees starting in January 2027.
- Deloitte is also removing a $50,000 adoption and surrogacy reimbursement for these employees.
- Zoom reduced paid parental leave for birthing parents from 22–24 weeks to 18 weeks.
- The US is the only developed country without guaranteed paid parental leave for all workers.
- 13 US states and the District of Columbia have mandatory paid leave laws, and many federal employees get up to 12 weeks of paid leave.
- Experts say paid parental leave benefits health, productivity, and economic outcomes for families and society.
- Companies may be cutting benefits due to a weaker labor market, where there are fewer job options for workers.
- Studies show that each $1,000 spent on taxpayer-funded paid parental leave can generate over $20,000 in social benefits.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.