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TTEC Halts 401(k) Match to Fund AI, Revenue Falls

5/13/2026

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Story summary
  • TTEC will suspend its discretionary 401(k) match for staff starting in Q2 2026 for nine months.
  • The pause is intended to free cash for AI certifications, AI-enabled tools, automation and workforce education.
  • TTEC reported global revenue of $2.1 billion, a 3.2% year-over-year decline, and a 7% drop in Q1 revenue.
  • Employees described the suspension as confusing and anger-inducing, fearing the loss will compound over time.