Amazon Inc has reportedly decided to cut employee stock awards as well. As per reports, Amazon has said that it would reduce the employee stock awards, a part of its compensation plan, as the company tries to navigate a tough economy.
According to a Reuters report, Amazon is also considering the possibility of adjusting its compensation model in the future in order to be more balanced between base cash compensation and equity. It adds that a company spokesperson, in an emailed statement, said, “We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted).
In addition this, the report cites another publication’s report mentioning that Amazon has plans to change its pay structure. The company has also reportedly said that it would re-evaluate 2025 compensation in the first quarter of next year to “plan for stock variation.”
