this post was submitted on 17 Sep 2024
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They retain them for the 4-5 years it takes for signing cash and signing stock units to all run out, at which point many people start to get itchy feet.
My brother is high up in AWS. The options don’t run out. They keep coming so that you’re pretty much handcuffed.
He has a really nice house and all that but he’s been stressed out a lot the past few years and he’s normally as calm as a Hindu cow.
Well, that’s probably because he’s hit the cap on base salary. After a certain point in Amazon, the majority of your income at Amazon is derived from shares.
That said, after the signing shares are yours after the first 4-5 years, you’re down to the yearly grants they hand out, which come the year after they were granted, in quarterly amounts.
Also, if your brother is high up, he probably got more shares this year than usual, as Amazon announced that only certain levels and below were getting salary increases. Higher up only got shares.
Correctomondo. Got more shares and more grey hairs.
“It’s true what they write. The company has turned super bureaucratic since the pandemic when everyone hired like crazy” - from him just now
Their convoluted salary and options package was one of the driving reasons why I declined a job there.