Amazon plans to trim employee stock awards amid tough economy

Amazon.com Inc stated it'd lessen worker inventory awards, part of its repayment plan, because the e-trade large navigates an unsure economic system.

"We made the selection to lessen RSU (limited inventory units) awards withinside the very last outlook yr via way of means of a small amount (different years aren't impacted)," an Amazon spokesperson stated in an emailed statement, with out specifying the length of the very last outlook yr.

The information comes weeks after Amazon introduced a 2nd spherical of mass layoffs, piling directly to a wave of task cuts that has swept the era area as a difficult economic system forces groups to get leaner.

Business Insider had first stated the deliberate extrade withinside the business enterprise`s pay shape and stated Amazon might reevaluate 2025 repayment withinside the first sector of subsequent yr to "plan for inventory variation".

The business enterprise changed into weighing the opportunity of fixing its repayment version withinside the destiny to be extra balanced among base coins repayment and equity, after searching on the mixture of an unsure economic system and its repayment budget, the spokesperson stated.

Amazon's stocks have received extra than 20% this yr, following a close to 50% tumble in 2022.