💰 Amazon's corporate employees will be paid up to 50% less in 2023 because of its falling stock price, report says

TL;DR

Wall Street Journal reported on Monday. Employees' annual salaries are generally made up of cash compensation and awards of restricted stock units, but because of the 35% decline in Amazon's stock this year, total compensation is set to drop sharply. The company cut back hiring targets for its retail business by 7% last year amid decreasing consumer demand

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