Amazon Preps Managers for Employee Pay Questions After Stock Drops
Amazon shares have fallen more than 30% in the past year, undermining the value of stock it awards to employees.
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Amazon shares have fallen more than 30% in the past year, undermining the value of stock it awards to employees.
Granting a smaller number of shares gives Amazon room to pay more in cash, and signals Amazon's stock may be less powerful as a talent retention tool.
The increase in employee stock awards comes at a time when Amazon is grappling with severe employee turnover across its corporate workforce.
After receiving updated pay stubs this month, employees are showing mixed feelings, with many expressing dashed hopes of substantially higher income.
After Amazon vowed to double its base pay cap, some employees say the raises they got are lackluster, prompting them to consider working elsewhere.