SpareWalrus t1_j9fi4xu wrote on February 21, 2023 at 3:33 PM

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

I agree. I don’t get why people feel they can complain when they agreed to this compensation model. Inherently there is risk and you accepted that risk.

LandooooXTrvls t1_j9fnjbe wrote on February 21, 2023 at 4:09 PM

They’re upset because Amazon recruiters told them employees would be issued more stock if the price ever put them below band.

So, I agree with what y’all are saying but recruiters put their foot in their mouth when they told ppl this.

GothicToast t1_j9frp00 wrote on February 21, 2023 at 4:37 PM

That is totally crazy, but not totally surprising.

I am a compensation consultant in "big tech". I am often asked to build out YoY Comp models (typically at the Director level) for recruiters to use during their offer.

These models make tons of assumptions about future performance and future stock price. They're not meant to guarantees and they're not meant to be shared with the candidate. I've had recruiters share these models with candidates multiple times, which then puts us in a tough spot and creates a negative experience for the candidate when we go back and say this wasn't actually your comp.

LandooooXTrvls t1_j9fs8ry wrote on February 21, 2023 at 4:40 PM

That’s exactly what happened here. It’s been a gold rush for getting good recruits so recruiters bent the rules a bit to finish the deal. Now Amazonians are upset that recruiters told them something that the company may have not agreed to. It’s also possible Amazon did plan to honor this and are going back on their word too.