Amazon plans to more than double base pay cap for employees - memo

The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid.

(Reuters) - Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo.

The e-commerce giant will increase the overall compensation range for most jobs globally and the company said the increases were much more "considerable" than in the past.