News for hackers. Stuff that matters.
Re:Leaked Amazon memo warns the company is running out of pe... by vishnugupta on Friday June 17, 2022 @04:32PM (#31783912)
> stock

You left out a big part here; RSU vesting schedule is back loaded. It's something like 5-20-25-50

Re:Leaked Amazon memo warns the company is running out of pe... by peanuty1 on Friday June 17, 2022 @04:35PM (#31783971)
It's 5-15-40-40
Re:Leaked Amazon memo warns the company is running out of pe... by georgeecollins on Friday June 17, 2022 @05:47PM (#31784806)
To me that is a real tell. New employees are a risk, but you can tell if they are going to work out after a year. If you are still discounting the RSUs at the second year, it is in hopes that some won't survive to the payout of the third.
Re:Leaked Amazon memo warns the company is running out of pe... by yazaddaruvala on Friday June 17, 2022 @07:18PM (#31785711)
This is not me defending Amazon's comp structure (they need to improve it in many ways), just correcting the facts:

At the time of calculating an offer, all 4 years are considered the same "Total Compensation Target" i.e. no built in reduction or raise. Amazon just pays cash equivalents for years 1 and 2 - through a signing bonus to make up for the lack of stocks, and through stocks in years 3 and 4.

The stocks in for each year are calculated assuming an average of 15% growth. This can be problematic, or can be great depending on the year you join.

Disclaimer: Worked at Amazon for 9 years.

Re:Leaked Amazon memo warns the company is running out of pe... by stale2002 on Friday June 17, 2022 @10:30PM (#31786818)
To say that it is backloaded is misleading.

Yes, technically speaking, the stock only compensation is backloaded. But that is balanced out by a 2 year "signing bonus" that is front loaded an equivalent amount of money, such that you are almost getting a hybrid stock/signing bonus package, so that it is technically the same amount of compensation each year.

Re:Leaked Amazon memo warns the company is running out of pe... by WalterBright on Friday June 17, 2022 @05:15PM (#31784474)
How'd the combination to my safe get on the internet? Drat, now I have to change it.
Re:Leaked Amazon memo warns the company is running out of pe... by lbrito on Friday June 17, 2022 @04:35PM (#31783965)
It's 5-15-40-40