Amazon doubles salary caps for corporate workers to $350,000

Amazon is more than doubling its maximum base pay to $350,000 for some corporate and tech employees, citing increased competition for tech talent.

According to an internal memo, first reported by GeekWire, the tight labor market is pushing Amazon to raise corporate workers' pay higher and faster than it typically would. 

The company said it is "increasing overall compensation ranges for most jobs globally, and the increases are much more considerable than we've done in the past," according to GeekWire.