Amazon plans to trim employee stock awards amid tough economy
https://finance.yahoo.com/news/1-amazon-plans-reduce-employee-202459403.html "We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted)" What does final outlook year mean? Their RSUs don't vest until 2 years out, so this year's grant won't vest until 2025. Half in 2025, half 2026 if I remember correctly. #amazon
Party is over
They still think most of us will stay at Amazon for more than 2 years 😂
This is true and frustrating because it limits upside from stock growth. Some people on the internal blind channel keep saying it doesn’t matter since they will top off 2025 in 2024 review, but all that does is remove the upside from employees and leave us with the downside of stock based compensation. Just a way to pay us less.
Knowing from the last 2 years, no way they will top off for 25 in 24 cycle as usual. If stock recovers, the top off may be 🥜 above 🥜 we get paid now
Yea I mean they will just bring us up to band. If we’re already over from stock appreciation we get nothing. Basically Amazon uses stock appreciation to avoid paying employees less, when rest of the industry lets employees pocket the stock growth as a benefit.
But I thought they were supposed to grant more stock when the price falls? That’s how they justified their TCT policy.
Apparently it's a lie
Was told that all last year. but it is a giant lie. Amazon claims they will always adjust to your TCT, in practice they want you to take the downside risk and they want to hold the upside.
This years grants vest in 24 and 25 but we have seen significant reduction in amount granted for 25 in this years review. (2025 is outlook year 2) They are not shifting to different comp model or balancing with higher base. But rather trying to cap any upside employees may have if stock recovers
Thanks for correcting me