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Longjumping_Worry184 t1_j9dhpy3 wrote

Reply to comment by mrnoonan81 in Amazon Corporate Workers Face Pay Reduction After Shares Slip by brooklynlad

There's a super cringrey article out there about Amazon hiring missionaries not mercenaries, meaning they want believers who want to do the work rather than someone chasing large paychecks. This came back to bite Amazon as their VP cash base was capped at 165k like all other roles, and they were losing good VPs to competors who were paying larger cash salaries and not having to wait 2 years for stock to vest. This is part of why the highly publicized base raise to 350k happened last year.

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mrnoonan81 t1_j9dl4tw wrote

Did they never grow out of the dot-com startup mentality?

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frolie0 t1_j9dpxtk wrote

They didn't have to. Their stock has been in hyper growth mode and people were making a fucking killing there. The RSUs over cash was totally worth it at that point. But now the scales have tipped and it's quite the opposite.

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mrnoonan81 t1_j9duhul wrote

I wasn't quite referring to their compensation strategy, but the "missionaries over mercenaries" mentality.

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