Amazon plans to reduce employee stock awards in 2025
The Hindu
Amazon is reportedly trimming the number of shares it plans to give employees as part of their 2025 compensation, Business Insider reported.
Amazon.com Inc. is trimming the number of shares it plans to give employees as part of their 2025 compensation, Business Insider reported on Wednesday, citing a memo.
The economic climate and company budget were behind reductions to the 2025 employee stock awards, called restricted stock units (RSUs), Amazon told managers, according to the report.
The memo cited by Insider also mentioned a possible change in Amazon's pay model that would give staff more cash, which could make up for any potential weakness in its stock price.
The company did not immediately respond to a Reuters request for comment.
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Amazon will re-evaluate the 2025 compensation in the first quarter of next year to "plan for stock variation," Insider said, citing another internal document.
Last month, the company said it would axe another 9,000 roles, piling on to a wave of layoffs that has swept the technology sector as an uncertain economy forces companies to get leaner.
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Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.