Amazon plans to trim employee stock awards amid tough economy


FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol

(Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy.

"We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted)," an Amazon spokesperson said in an emailed statement, without specifying the period of the final outlook year.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Telegram messaging app faces fines in Russia, state media report
Alphabet sells bonds worth $20 billion to fund AI spending
Instant payment system Pix poised to capture half of Brazil's e-commerce market by 2028
Apple and Google agree app store changes to appease UK regulator
Spotify forecasts profit above estimates as founder Daniel Ek moves to new role
Alibaba pushes into robotics AI with open-source ‘RynnBrain’
WhatsApp wins court backing to challenge $268 million Irish privacy fine
Brazil seeks to restore block of Rumble video app
SoftBank earnings set for OpenAI boost, with focus on future funding
South Korea blames Coupang data breach on management failure, not sophisticated attack

Others Also Read