This is from a reliable HR source, and confirmed by a few managers that has access to internal compensation report. Effective 2025, there is a huge pay cut across the company as follows: 40% reduction in TC for L8 and L10 20% to 25% reduction in TC for L7 and below
Planning pay cuts 2 years out..?
Exactly. And OP says it’s from a reliable source lol
Amazon sets your pay for years out in the future
Sadly, still pays more than MSFT
Nope does not. 40 percent pay cut will bring it below msft
Don't ever compare Amazon to Microsoft. Microsoft is a tech company and Amazon is a sweatshop.
Well. We had a good run guys.
Why wouldn't they just do it now?
Corporate planning is always 5-10 years out.
Execs have to figure out to redesign exec comp plans so it looks like a cut but really backdoor increases
are these cuts to new salaries or cutting existing salaries
Cuts are to RSU grants
Which cuts your overall pay.
Effective 2025? Are they expecting economy to be this bad till 2025?
If economy is bad until 2025, they will cut now, not after when they think economy will get better. :)
Yes correct. It doesn’t make sense to make a plan in 2023 for a pay cut in 2025.
I signed offer letter for position beginning in august for T4 FC. Odds I am affected?
Odds are LOW . Just like your TC.
I do wonder in the tc race that blind find themselves in, why does everyone ego the people starting out. Even I know you have had more penises in your mouth than I could fathom and yet you speak from an “undisclosed: tc or stfu” outlook . You all hate each other and yourselves. I am not a dev, Im you as a grad. You hate ur managers and will become them. But hey at least you have your tc jerk off in your 1 bed SF apartment by urself
This is not accurate! Amazon has withheld RSU allocations for 2025, to have the flexibility to change the balance of cash vs. equity based compensation in future. In a way it’s good that most of your stock grants now vest in 2024, you will have lesser unvested RSUs at end of each year.
This person knows how to keep drinking the Kool-Aid
Keep your head inside your anus!
5 days late in posting this.
Tech Industry
9h
1049
Women, help me understand why this is inspirational
Tech Industry
2h
1689
What happens when most of your team is Indian?
Working Parents
20h
1415
Closed now - thank you all
India
Yesterday
1315
Modi is a legend, will be remembered for centuries to come
Tech Industry
11h
380
Should C-suite take paycut to save company? Peloton layoff 400 and ceo pocketed $168M TC.
Amazon is setting trend for the tech industry