4 ms·

Big vests coming up from the hiring boom in ‘20/21 I think people won’t start leaving until 2026 unless they change the policy

AlotOfReading 2y ago
And of course Amazon announced at the beginning of the year that anyone receiving a lot of equity is getting their cash bonus cut because the value of the equity grew faster than they anticipated.
- lesuorac 2y ago
  Isn't that an old policy? I've always heard that if your stock appreciated a lot then you'd get smaller vests in the future to offset that.
  - AlotOfReading 2y ago
    This isn't vesting adjustments, it's not getting raises and bonuses because of appreciation. It wasn't reported as an old policy: https://fortune.com/2024/03/27/amazon-no-cash-base-pay-raises-l6/ https://fortune.com/2024/03/27/amazon-no-cash-base-pay-raise...
    - lesuorac 2y ago
      Sure but it's long standing that Amazon considers stock appreciation as part of your compensation and if it exceeds the targeted appreciation they'll decrease your future compensation so it even outs. To avoid doing any real math. Assume you get $100 and a targeted appreciation of 15% and the stock appreciated 30%. Then they're going to drop future compensation by $15 to even things out. This may feel unfair but its pretty well stated ahead of time (although who really understands RSUs out of college). (2018) https://www.teamblind.com/post/BZhGVek5 https://www.teamblind.com/post/BZhGVek5 (2022) https://old.reddit.com/r/FASCAmazon/comments/vdti7y/comment/lny7it4/ https://old.reddit.com/r/FASCAmazon/comments/vdti7y/comment/... (2024) https://old.reddit.com/r/personalfinance/comments/1d6w01h/amazon_drastically_changed_my_rsu_grants/ https://old.reddit.com/r/personalfinance/comments/1d6w01h/am...
      - ycombinatrix 2y ago
        Stock goes down? Too bad. Stock goes up? Too bad.
        lesuorac 2y ago
        I'm not too sure there's much data on when the stock goes down. There were some comments that Amazon said they'd make people whole in 2023 [1] but the stock is now above it's pre-2023 levels so if they did nothing people are whole. It may very well be, stock goes down => oversized refresher; stock goes up => undersized refresher. [1]: https://news.ycombinator.com/item?id=34889923 https://news.ycombinator.com/item?id=34889923

AlotOfReading 2y ago

And of course Amazon announced at the beginning of the year that anyone receiving a lot of equity is getting their cash bonus cut because the value of the equity grew faster than they anticipated.

lesuorac 2y ago
Isn't that an old policy? I've always heard that if your stock appreciated a lot then you'd get smaller vests in the future to offset that.
- AlotOfReading 2y ago
  This isn't vesting adjustments, it's not getting raises and bonuses because of appreciation. It wasn't reported as an old policy: https://fortune.com/2024/03/27/amazon-no-cash-base-pay-raises-l6/ https://fortune.com/2024/03/27/amazon-no-cash-base-pay-raise...
  - lesuorac 2y ago
    Sure but it's long standing that Amazon considers stock appreciation as part of your compensation and if it exceeds the targeted appreciation they'll decrease your future compensation so it even outs. To avoid doing any real math. Assume you get $100 and a targeted appreciation of 15% and the stock appreciated 30%. Then they're going to drop future compensation by $15 to even things out. This may feel unfair but its pretty well stated ahead of time (although who really understands RSUs out of college). (2018) https://www.teamblind.com/post/BZhGVek5 https://www.teamblind.com/post/BZhGVek5 (2022) https://old.reddit.com/r/FASCAmazon/comments/vdti7y/comment/lny7it4/ https://old.reddit.com/r/FASCAmazon/comments/vdti7y/comment/... (2024) https://old.reddit.com/r/personalfinance/comments/1d6w01h/amazon_drastically_changed_my_rsu_grants/ https://old.reddit.com/r/personalfinance/comments/1d6w01h/am...
    - ycombinatrix 2y ago
      Stock goes down? Too bad. Stock goes up? Too bad.
      - lesuorac 2y ago
        I'm not too sure there's much data on when the stock goes down. There were some comments that Amazon said they'd make people whole in 2023 [1] but the stock is now above it's pre-2023 levels so if they did nothing people are whole. It may very well be, stock goes down => oversized refresher; stock goes up => undersized refresher. [1]: https://news.ycombinator.com/item?id=34889923 https://news.ycombinator.com/item?id=34889923