Perk-cession

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

^ "Should Workers Be Worried About a Perk-Cession?". www.shrm.org. Retrieved 13 September 2025.
^ Kidwai, ByAman. "Employee services and perks are seeing cuts at Google, Salesforce, and others". HR Brew. Retrieved 13 September 2025.
^ "The downsides of cutting employee perks". www.hcamag.com. Retrieved 13 September 2025.
^ 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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[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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