When stock rises enough, Amazon just doesnβt give out new performance grants, because weβre already making too much from their perspective. Thatβs as good as a clawback.
its called Target Total Compensation Buddy and its to make sure you dont make too much money then you are allowed to. When I escaped amazon to google made me realize how retarded it was. The downside protection was nice but limiting upward potential seem so counter active lul. I'm pretty sure they do this on purpose to encourage people to leave after your two year signing bonus expires and people realize the stupid comp policy. Even though I rode amazon stock from 1000 to 3300 and made over 150k more it got cancelled out next year with the 30k refresher they gave me after exceeding expectations and amazon stock stayed around 3.1k. I stayed a year too long since I thought my promo would keep my comp competitive and quickly realized that was not true.
you joke but companies do this effectively. Twitter gave additional equity since there stock tanked by over 45%. Meta bumped refreshers by 25% to incentivize people to stay. People on blind need to realize that we have all the leverage right now. Dont listen to people who say we are replaceable. Tell that to the people who have to do interviews everyday to keep up with the endless hiring because of shortage of good talent right now. At meta right now im seeing like a 10% pass rate on HC for senior so its pretty bad.
amazon Total Compensation Target policy is so terrible. I was at amazon when we went from 1000 -> 3.3k stock price and they literally told me when i got promoed i was making too much tc so they gave me 30k refresher on two year vesting even though I greatly exceeded expectations.... literally 1/6 of the rsu i got that year thanks to the stock price increase. If you are able to move to other places that actual care about employees and reward you for over delivering I would recommend moving.
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GSU
Google Stock Unit in generically a Restricted Stock Unit. It works the same way as RSU.
Because why not.
Because why not.