![]() ![]() Last weekend, in fact, the Times published a highly critical piece, based on interviews with more than 100 current and former employees, about the reportedly grueling work culture at the Seattle-based tech giant. ![]() And if they don't - if they should succumb to the reportedly high-pressure work environment described by the Times - Amazon hasn't invested as much in them as it would with a traditional stock structuring. In other words, to take advantage of the compensation package they're offered when accepting a job at Amazon, employees must stay at the company for three full years or more. Amazon does not, meaning employees who exit the company after a year or two leave a larger chunk of options on the table.Īccording to multiple people familiar with Amazon's practices, as well as one former Amazon employee's offer letter, 5% of Amazon employees' shares vest in the first year of their employment, 15% in the second year, 40% in their third, and the final 40% in their fourth year. ![]() Most companies dole those options out in relatively equivalent portions over the first four years of an individual's employment. "An overwhelming need for new bodies." These are all phrases that have been used to describe Amazon's high turnover rate and fast-and-loose corporate culture - the first to me by a Seattle-area tech recruiter, the second and third in the New York Times this weekend.īut Amazon employees, like many tech employees, receive options to purchase a certain number of shares in the company in addition to their base salaries. ![]()
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