An Amazon spokesman said in an emailed statement on April 5, local time, that it will reduce employee equity incentives in 2025 due to the uncertain economic environment, Reuters reported.
At the same time, the spokesperson said the reduction in RSU (Note: Restricted Stock Units) awards is not large and will only be effective for the last outlook year. However, the Amazon spokesperson did not specify the duration of the last outlook year in the statement.
Previously Business Insider reported that Amazon will reassess its employee compensation structure in the first quarter of next year, reducing employee equity incentives and offering more cash to employees.
Amazon announced the opening of the second round of massive layoffs, laying off 9,000 people, mainly designed for staff in Amazon’s cloud computing, human resources, advertising and Twitch live streaming business.