Word on the vine is that Amazon has MASSIVELY upgraded their L5+ SWE comp bands. Also many friends in Amazon said that these new comp bands for external hires is creating a low morale for current employees. Whats the scoop? Whats the new L5 TC ? $330$-350k is what I heard. With this new TC , doesn Amazon now pay higher than Google ?
If low attrition results in higher attrition but new TC isn't enough to hit hiring targets, pushing TC even higher. That would be amazing.
Yup this is true bands for each role have increased 20%. Internal employees rumor is they are trying to bump comp for selected high performers.
Thanks! Good idea for internal comp bump.
Let’s say they doubled that, would you still want to work as Amazon?
Probably as a SDM . But not as a SWE. I am hungry for power and more money. /s
is power a codeword for bananas 🍌