Viewing a single comment thread. View all comments

Ok-Welder-4816 t1_j9ddwgc wrote

Reply to comment by LigerXT5 in Amazon Corporate Workers Face Pay Reduction After Shares Slip by brooklynlad

The workers are actually part-owners. They accepted stock as partial payment, and that stock is now worth less because the company's performance is slipping.

Ownership always has risks, as it should be.

24

Longjumping_Worry184 t1_j9di5t7 wrote

Sure it's a risk, but it's gotta stuck for someone who took an Amazon offer for $150k total comp 2 years ago when $70k of that comes from RSUs this year, that person's take home pay is taking a big hit for no fault of their own and at lower Corp pay ranges that's a painful drop

7

darwinkh2os t1_j9dr3jh wrote

It does suck - luckily for the L4s and L5s it's not that bad - 50% RSUs is really at L6 and/or manager roles. Levels.fyi accurately shows fairly up-to-date compensation.

It "sucks" for the VPs, which I suspect - like another commenter here - is why they raised the max base pay up significantly last year. They raised that cap in Feb 2022 just after the first post-Covid slump (which followed earnings the VPs would have known about).

5

ExceedingChunk t1_j9e9pwd wrote

Yeah, but that is the risk taken to get that high comp potentially in the first place.

3

Silver-Armadillo-479 t1_j9fdlmj wrote

Exactly. Why are people crying for those who make a ton of money? I took a job with a higher salary and lower variable comp because... I value... stability... Reddit wants to cry and bemoan for people that 2 years ago were making $300k with most of it being stock? Fuck that

4