Amazon decides to cut RSU awards (this year only for now). I wonder how many companies will follow suit. And whether this will morph into permanent decrease. AMZN has been the first in several austerity measures lately, definitely the thought leader https://www.reuters.com/technology/amazon-plans-reduce-employee-stock-awards-2025-business-insider-2023-04-05/ #amazon #rsus
Amazon is way better than other tech companies. I’ve heard that they allocated good RSUs from multiple people.
😂😂😂😂
Last year (Q1 2022) when Amazon increased pay bands significantly, I had a strong feeling that the only way Amazon would be able to justify that was through layoffs and other mechanisms to reduce how much they pay employees. I even asked my L7/L8 back then if they thought Amazon would reduce their workforce to justify the increased pay. They said “Amazon has never done layoffs, so I doubt it. And it’s too far out, no one can tell what will happen in 1 year.” Apparently I could. There literally was no way Amazon could justify paying so much more to so many corporate employees. In fact I wouldn’t be surprised if this “haircut” was already included back then as P1 of the “revised compensation strategy” program.
Amazon laid off people in 2001 (1300 employees)
What does this exactly mean?
Every Q1 Amazon plans your income for the next 2 years based on your performance the previous year. So, if you exceeded expectations in Year 0, you got a nice pay bump in total compensation planned for Year 2, and Year 3. Now, they changed it such that they only reward you in Year 2, but Year 3 is not fully planned, but only partially, and they’ll adjust Year 3 total comp based on Year 1 performance. As an employee, previously your performance had a delayed reward, but it was a double year reward. Now you still have a delayed reward but only for one year. Frankly, the only way to make this better is to reward you in the year immediately following your performance. Meaning, year 0’s performance is rewarded in year 1 with additional RSUs. But Amazon has never done that. And now they’ve made it worse.
Thanks
How does it matter? They pay peanut refreshers in the first place anyway.
Refreshers are peanut if your L4 and somewhat if you’re L5. They’re definitely not peanut if you’re L6 or above.
No one will join Amazon and care for pip. Max someone will use Amazon as a stop gap job before moving on
This seems fair. Amazon’s whole comp philosophy was be an owner and think long term. They succeeded at this by dangling a big carrot in front of you for the future, but sufficiently close enough for people to stick around. Now they made that carrot less attractive, and are heavily incentivizing short term thinking. So attrition will likely go up much higher than before once hiring freezes lift across Tech.
lol, would have bet on google, but thankfully they didn't act cheap on stocks
They are followers