4 ms·
Amazon's pay adjustment was long overdue, and not driven by inflation. The base pay has been capped for so long, and the comp model made an assumption (a histor
by sharpy 5y ago
Amazon's pay adjustment was long overdue, and not driven by inflation. The base pay has been capped for so long, and the comp model made an assumption (a historically generous one) about stock performance that hasn't held true for quite a while. That together with their vesting schedule, something had to be done, in order to compete for talent.
- whateveracct 5y agoOn top of all that, Amazon's 401k "match" had a FOUR year vesting cliff iirc.
- jthrowsitaway 5y agoThat's horrid.
- thrtythreeforty 5y agoMine is 3 years. I just edited the offer mentally to say "410k (with mega backdoor!) but no match."