“We’ve heard from our hourly fulfillment and customer service employees that they prefer the predictability and immediacy of cash to [restricted stock units],” the company said in a blog post.
Some hourly workers have said the cuts to bonuses and stock options will cut their overall take-home pay, even with the hourly wage increase.
“Amazon isn’t giving its employees a raise; they’re taking money from us,” an anonymous Amazon worker told Yahoo Finance. “It only looks good if folks don’t know the truth.”
But an Amazon spokesperson said that “all hourly operations and customer service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”
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