KartikJ0000 in  
Frontend Software Engineer at Amazon23 days ago

No cash raises for L6+ at Amazon

Saw this Fortune article (non-paywalled version) that says L6+ folks at Amazon are not likely to get any cash raises this year due to stock appreciation doing so well and Amazon wanting to focus on people whose compensation is mainly cash.


Essentially saying that the stock appreciation is the raise in and of itself.


Figured I'd post this in case anyone else found it interesting, but I just got word from my manager that I won't be getting anything this year either.

Exclusive: Many senior Amazon employees won’t get cash raises this year

Exclusive: Many senior Amazon employees won’t get cash raises this year

Amazon leaders believe that for many senior employees, the company's stock price increase over the last year is the reward.

fortune.com
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10860
FastMotionSales at Google23 days ago
I think we'll be seeing a lot of companies doing something similar to follow suit. I'm in Cloud Sales at Google and they just announced that my org is not doing promotions this year and I have colleague who is the top performer on his team and he got a 1% raise...
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