as their normal cash compensation that aren't intended as such. It's why I generally hate expected bonuses, cashing out PTO, and timed raises. Your salary should be your cash compensation (and options) and everything else should be for different reasons. It's important to me that employees take time off. I've had several instances where I've asked employees to take more. It take away stress, improves productivity and creativity. We have pretty much always had this untracked PTO policy and the vast majority of employees love it. However, switching anything this big sucks regardless of if it is PTO, health insurance or bonuses. DB is in a rough spot here but the legit complaint is about the switch over, not the new policy imo.
As a note, if we did this we would let people cash out maybe 1 week or something. A company that allows employees to cash out unlimited weeks of PTO is just stupid anyway. In fact, I've never heard of that from anyone successful. All I've seen is no cash out policies or maybe one week a year but you have to cash it out each year, not bank it.