See angarg12's comment [1]. TLDR, Amazon comp is largely comprised of RSUs, negotiated, granted, and adjusted as if they were base comp. The comp structure is n

See angarg12's comment [1]. TLDR, Amazon comp is largely comprised of RSUs, negotiated, granted, and adjusted as if they were base comp. The comp structure is not the same as options you'd get from a startup (which are rightly considered largely worthless). i.e., by Amazon's comp philosophy, this is effectively a pay cut for anyone whose comp was negotiated/adjusted during the pandemic. Management not adjusting for this is likely intentional belt-tightening which Amazon has seen a lot of lately. "Amazon elects to lower comp bands in concert with drop in stock price" might be a better title. [1] https://news.ycombinator.com/item?id=34889838 https://news.ycombinator.com/item?id=34889838