With stock prices going up amazon saved money by not giving hikes to employees. What’s the situation now ? TC will be revisited ?
People will just quit. Stock appreciation is the only reason people stay there.
True with their restricted base salary and shit principles people are suffering. only stock price keeping morale high.
I think recent hires will be shielded from the current loss by virtue of the 5%/15% vesting for the first two years AND the signing bonus(es). If the stock price doesn’t resume its previous trajectory in the next 6-12 months, I think that Amazon may start to see a drain, but clearly they will issue more RSUs to retain talent they want to keep.
It’s not resuming previous trajectory.. 😂
First two years are mostly cash so they are ok. After that they may have just adjustment according to their target TC and share value at the time.
Everyone is where the company wanted them. New hires are getting most comp in cash, so if their stock was granted with a price over current, there’s still years before it matters much. For everyone else the SPP at last regular grant was still below current level. In April when TCT is established for 2020 and 2021 if current grants with 15% yoy growth from SPP is insufficient to hit that TCT stock will be granted. Otherwise it just means deflation if TC closer to original TCT. People will not like being paid what the company intended.
This. Most people don't seem to understand the difference between target comp and actual comp due to stock appreciation.
I guess all the 500k 2 yoe poster boys will be leaving to MSFT now
New hire will leave if they can find better offer, but then again every company is facing the same problem now.
No.
Sad. People accepted offers in last 6 -7 months must be feeling cheated
Not just amazon though