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Sure, but 1) it goes to show that tech workers won't necessarily "vote with their feet", 2) in the event of an industry-wide downturn, that ability to vote beco
by Apocryphon 4y ago
Sure, but 1) it goes to show that tech workers won't necessarily "vote with their feet", 2) in the event of an industry-wide downturn, that ability to vote becomes far more limited.
- leereeves 4y agoAmazon pays software engineers very well (compared to software engineering jobs in general). Perhaps people don't vote with their feet because they like the money.
- Apocryphon 4y agoAmazon comp was entirely predicated on stock, wasn't it? Because they uniquely have a salary cap that's not particularly high. https://www.levels.fyi/blog/amazon-salary-negotiation.html https://www.levels.fyi/blog/amazon-salary-negotiation.html It seems like there is more Amazon non-warehouse employees interest in unionizing now anyway: https://www.businessinsider.com/amazon-layoffs-corporate-employees-discuss-forming-union-unionization-2022-11 https://www.businessinsider.com/amazon-layoffs-corporate-emp...
- comp_throw7 4y agoNot exactly - while the initial stock they grant vests on a 5/15/40/40 schedule, they also have a large cash "bonus" which "vests" monthly for the first two years. With their assumption of 15% stock growth per year, you should have equal TC per year for your first 4 years. Of course, assuming 15% annual stock growth is silly, but you can run the numbers however you want. The point is that compensation for the first two years is predominantly cash.