Noah Kalina
Amazon pays a sizable amount of its employees' yearly salary in restricted shares, and a sustained decrease in the value of the company's stocks will result in 2023 salaries 15 to 50% below those promised by Amazon to employees.
Amazon's stock price has decreased by roughly 50% by the end of 2022. The company’s papers increased by 23% in January 2023, but declined in February, falling by about 6%. Share price of Amazon was $97.2 as of late Friday trading, and certain employees' compensation were fixed at $170 per share.
In response to a "battle for talent" and declining stock prices, the corporation boosted the annual cash wage maximum from $160,000 to $350,000 last year. The newspaper’s sources claim that Amazon will give its employees a 1-4% raise this year and won't issue any more restricted stock to reach its wage goals.
source: wsj.com
Amazon's stock price has decreased by roughly 50% by the end of 2022. The company’s papers increased by 23% in January 2023, but declined in February, falling by about 6%. Share price of Amazon was $97.2 as of late Friday trading, and certain employees' compensation were fixed at $170 per share.
In response to a "battle for talent" and declining stock prices, the corporation boosted the annual cash wage maximum from $160,000 to $350,000 last year. The newspaper’s sources claim that Amazon will give its employees a 1-4% raise this year and won't issue any more restricted stock to reach its wage goals.
source: wsj.com