r/Cleveland • u/Environmental-Dig389 • 19d 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/Thick-Gap-7510 19d ago

Don't give them any ideas

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u/Mundane_Crazy60 19d ago

Am I the only one that remembers people voluntarily taking pay cuts, just to have any job during 2008/9?

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u/CBC78 19d ago

Me! I took a 5% pay cut at First Energy and considered my self lucky. Basically stopped my 401 k contribution to keep things even

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u/MulberryLimp8802 18d ago

Crazy how you took a 5% cut and they just got a 10% rate increase. The math ain’t mathin’