- Companies are cutting back on prized employee perks from fancy coffee to free cab rides as they vow to trim costs and prioritize efficiency.
- Before Facebook parent Meta Platforms Inc. laid off 11,000 workers, it ended free laundry and dry cleaning services for employees.
- Twilio Inc. cut its employee allowances for spending on wellness and books.
- Salesforce cut ties with Trailblazer Ranch, a 75-acre wellness retreat and the extra paid day off every month they gave employees for well-being.
- Tech companies have long been renowned as employee-first meccas that could easily afford amenities.
The Perk-Cession Is Under Way at Some Companies
Big companies from Silicon Valley to Wall Street are scaling back the office extras many employees have come to expect
Anne Marie Chaker
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCWZE2OK3BNCJNRVFOS74NYF7M.jpg)
