Amazon Corporate Workers Face Hit in Pay Due to Stock Drop

Amazon’s corporate employees will make less money in 2023, people close to the matter told the Wall Street Journal on Monday.

Shares of the world’s largest online retailer dropped roughly 36% over the last year, shaking up Amazon’s stock-heavy compensation plan while pulling employee pay much lower than target compensation levels.

According to the report, Amazon pays its corporate employees a large chunk of their annual salaries in restricted stock units, but 2022’s stock performance will mean salaries will slip between 15% and 50% lower this year.

Read the source article at foxbusiness.com