A note to my co-workers:
It’s a way for the company to avoid accruing the liability on their books. It’s an accounting trick to make the balance sheet look better. They’ve taken a benefit from you idiots and made you happy about it.
Maybe this will clarify it for you. If, under the old system, you quit or were fired, you would be owed your accrued vacation. Under the new system, if they fire you they owe you nothing.
Unlimited PTO translates as: you aren’t owed ANY PTO. You get what they decide to give you.
You’re welcome.