Red flag, working conditions must be bad.
this post was submitted on 29 Sep 2023
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I mean they are notorious for having horrible working conditions even for developers lol
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(7 replies)
What could go wrong?
I’m wondering if they get away with it despite the lack of stock movement. So much of staff compensation is tied to stock price. Staff previously got RSUs allocated and stayed because they went up in value every year but lately it’s been stagnant. People are less likely to put up with this bullshit if there is no big payout at the end.
What stock price are looking at? It's up 50% this year.
And before you quote that it's lower than its peak during COVID, so is the majority of not all big tech firms.
The stock vests across 4 years and then you get a refresh. There are a lot of staff that started 2019-2022 that are thinking about their lost value. Amazon will offer extra stock so they don’t lose money but many people are driven to work there from stories of the people previoiusly that would see their share price increase dramatically month to month like from 2013-2020. That’s what everyone got used to. So if you were told you got 60k of RSUs across 4 years, you knew it was really like 150k at least. For those that started like 4ish years ago that is no longer the case and I wonder how it will impact staff attrition.
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(3 replies)
This is the best summary I could come up with:
The new badge report for individual employees is a reversal from Amazon's previous policy of only tracking anonymized, aggregated office attendance data, which it said was shared with managers, primarily for safety and space planning purposes.
For example, at a recent internal townhall meeting, Amazon's SVP Peter DeSantis told his engineering team that office badging data is "informational" and only shared in "very aggregated ways," as Insider previously reported.
In an email to Insider, Amazon's spokesperson Rob Munoz said badge data does not account for reported paid-time off, personal time, or work from a non-corporate building.
The memo added badge data is not available to employees in Germany, France, Italy, the Netherlands, Luxembourg, Korea, or Taiwan.
"We're providing this data to help guide conversations as needed between employees and managers about coming into the office with their colleagues," said the memo, obtained by Insider.
Amazon's CEO Andy Jassy, meanwhile, told employees in an internal meeting last month that it's "past" the time to commit to the company's RTO policy, saying "it's probably not going to work out" for those refusing to comply.
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Despising not surprising.
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