"These declines have, for the most part, been more pronounced in industries that experienced turmoil in 2023, such as tech and finance," the analysis read.
"In 2020, one in five employees voluntarily changed employers, according to a 2021 IBM survey. Amid the rise of remote work culture, 32% of the people surveyed said that they changed jobs for work location flexibility."
"As the job market is starting to cool with fewer job openings and a slower employee turnover rate, it is no surprise that employers are starting to cut back on benefits as costs to retain employees have increased."
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