Deloitte and Zoom cut parental leave, risking long-term employee retention

Deloitte and Zoom are reducing parental leave benefits, potentially impacting employee retention and productivity. Experts suggest these cuts may stem from a stagnating labor market, but argue they could harm companies long-term by decreasing worker loyalty and output. The United States lags behind other developed nations in guaranteed paid parental leave, with these corporate decisions potentially setting a precedent for further benefit reductions.