Over the past two decades, the tech industry became famous (or infamous) for its perks culture, a custom of providing employees with fanciful and luxurious amenities.
Widespread industry layoffs and an expensive pivot to building artificial intelligence led to a decline of perks culture, with companies scaling back on the goodies that differentiated their workplaces.
Salesforce, a software maker, last year got rid of a ranch retreat for employees and nixed a monthly well-being day off for salespeople.
Netflix has unofficially walked back its generous parental-leave policy by guiding employees to take less time off, yet maintains that flexibility remains available.
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