This happened at my previous job. They forced everyone to burn down the vacation time from their previous limit of 280 hours to 120. After that they instituted policies with a maximum of 180.
The issue is that it was impossible to take vacation time. Even on vacation I was working 3 hours every day and during the normal workweek was 60-75 hours without overtime or rewarding the extra time.
Frankly, I think that the company should just have a bucket for PTO and put it in the bank and earn interest on it. The liability should be backed by actual dollars so it's not a serious financial risk.
The issue is that it was impossible to take vacation time. Even on vacation I was working 3 hours every day and during the normal workweek was 60-75 hours without overtime or rewarding the extra time.
Frankly, I think that the company should just have a bucket for PTO and put it in the bank and earn interest on it. The liability should be backed by actual dollars so it's not a serious financial risk.