in ATT onFebruary 7, 2021
As a recruiter I'm often asked about benefit packages offered by certain companies. Over the last year there have been substantive changes in benefits coming from Fortune 500 companies with most of the changes going the wrong way. We've seen many large corporations choose to cut employee benefits whether that be pension, 401(k), or healthcare. Verizon created headlines all the way back in 2005 when they announced they would freeze their pension program. In the years to come many corporations followed suite by moving to defined contribution plans as opposed to defined benefit plans. This trend culminated in General Electric deciding to freeze the largest pension fund in the United States. Other corporations have decided to target
401(k) plans. ExxonMobil announced earlier this year that they would suspend their 401(k) matching program indefinitely. Which brings us to AT&T ...
https://techstaffer.blog/2021/02/07/att-announces-big-cuts-to-employees-benefits/