this post was submitted on 29 Sep 2023
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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.