Prestigious_Push_947 t1_j9dze2t wrote on February 21, 2023 at 5:40 AM

Reply to comment by Longjumping_Worry184 in Amazon Corporate Workers Face Pay Reduction After Shares Slip by brooklynlad

Sure, but as a worker you'll also get an RSU refresh this year at a lower price. When the stock goes up, you'll make a ton more, and I'm sure there won't be articles about the huge raises everyone is getting. This is just part of the game with RSU based comp.

InvestigatorOk9354 t1_j9dzwrw wrote on February 21, 2023 at 5:45 AM

That's the gamble, you make less money this year and hope for a refresh, then in two years if you're still there you could get a big payout (assuming you don't get PIP'd and there aren't more layoffs in the meantime).

I've heard there are basically no raises/refreshes this year though because of the layoffs, hiring freeze, and other cost cutting... so it may just be an extra rough year to justify staying at Amazon

Prestigious_Push_947 t1_j9e0s2k wrote on February 21, 2023 at 5:55 AM

Yeah, no refreshes would be rough. Honestly, you couldn't have paid me to work for Amazon in the first place because they're so renowned for how poorly they treat people. I do know that a lot of people in my field went there because they've been paying significantly above market for the last couple of years; spectacular comp is the only reason to work for an outfit like that. If RSUs are cratering and you're not issuing refreshes, you're going to lose tons of people. Then again, I'm sure that's what management wants.

Tainen t1_j9g97yg wrote on February 21, 2023 at 6:28 PM

the RSU refresh does not hit for a couple years. so this year, no, you don't get additional compensation, you are stuck with 40-50% less compensation.

Prestigious_Push_947 t1_j9im0sc wrote on February 22, 2023 at 5:55 AM

This really depends on the company. Most don't require a couple years before refreshes start vesting. Also, comp doesn't go up til after the stock goes up, so it's never guaranteed when your comp will get better again. Like I said, this is the game of RSU based comp. If you treat RSU's like regular income, you're an idiot.

Tainen t1_j9iwgv7 wrote on February 22, 2023 at 8:00 AM

yeah, I’m talking about Amazon, given the title of the post. I turned down an offer at Goog and came from Msft for 13 years. Unfortunately Amazon has the worst stock grant program of the 3. There is essentially no addressing down year stock performance, you hold on tight and hope it does better in future years, or you quit and go get paid somewhere else.