https://www.reuters.com/know-how/amazon-plans-reduce-employee-stock-awards-2025-business-insider-2023-04-05/
Amazon.com Inc mentioned it might scale back worker inventory awards, part of its compensation plan, because the e-commerce large navigates an unsure economic system.
"We made the choice to cut back RSU (restricted inventory items) awards within the ultimate outlook yr by a small quantity (different years should not impacted)," an Amazon spokesperson mentioned in an emailed assertion, with out specifying the interval of the ultimate outlook yr.
The information comes weeks after Amazon introduced a second spherical of mass layoffs, piling on to a wave of job cuts that has swept the know-how sector as a tough economic system forces firms to get leaner.
Enterprise Insider had first reported the deliberate change within the firm's pay construction and mentioned Amazon would reevaluate 2025 compensation within the first quarter of subsequent yr to "plan for inventory variation".
The corporate was weighing the opportunity of adjusting its compensation mannequin sooner or later to be extra balanced between base money compensation and fairness, after wanting on the mixture of an unsure economic system and its compensation price range, the spokesperson mentioned.
Amazon's shares have gained greater than 20% this yr, following a close to 50% tumble in 2022.
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