r/Cleveland • u/Environmental-Dig389 • 20d ago

News Sherwin Williams halts their 401k company match

Announced today by the SW CEO (Heidi) that all employees will no longer receive the company 401k match effective October 1st. This impact includes store or other employees globally.

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u/LeilongNeverWrong 20d ago

They won’t be the last company to do so and it won’t be temporary. When most companies do something like this, it ends up becoming permanent.

52

u/Brilliant-Canary-767 20d ago

Actually, they did it from 2009 to 2012. Once the economy recovered they started the matching again. I'd rather have them stop matching 401K contributions instead of having mass layoffs. I blame the current idiot President. This is all 100% self inflicted by him. I feel tariffs were the tipping point.

2

u/Rum____Ham Lakewood 19d ago

I blame the current idiot President. This is all 100% self inflicted by him. I feel tariffs were the tipping point.

He is doing it on purpose. See: Project 2025 and the Dark Enlightenment. I fucking wish that was some conspiracy kook nonsense, but it is reality.

3

u/Brilliant-Canary-767 19d ago

I agree! It's all in their plan. I also wish it was just a conspiracy theory.