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Perk-cession

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Perk-cession is the reduction of employee benefits and workplace amenities. Perk-cessions are made to enable a business to focus on efficiency and cost. [1] Perk-cessions are not not well received by employees, negatively impacting company culture. [2] [3]

The term was coined in a 2023 article by the Wall Street Journal as a portmanteau of perk and recession. [4]

References

  1. ↑ "Should Workers Be Worried About a Perk-Cession?". www.shrm.org. Retrieved 13 September 2025.
  2. ↑ Kidwai, ByAman. "Employee services and perks are seeing cuts at Google, Salesforce, and others". HR Brew. Retrieved 13 September 2025.
  3. ↑ "The downsides of cutting employee perks". www.hcamag.com. Retrieved 13 September 2025.
  4. ↑ Chaker, Anne Marie (8 March 2023). "The Perk-Cession Is Under Way at Some Companies". Wall Street Journal. Retrieved 13 September 2025.


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