
By Yasin Ebrahim
Investing.com --- Amazon is mulling plans to reduce employee stock-based compensation in 2025 and boost the cash post of paid salaries, Insider reported Wednesday, citing a leaked internal memo.
Amazon (NASDAQ:AMZN) was flat in afterhours trading after falling 2.7% on Wednesday.
The plans, which are part of Amazon's compensation review cycle, come as the e-commerce behemoth seeks to cut costs amid a difficult economic backdrop and aims to strike a balance between employee base cash compensation and equity awards. Some employees reportedly raised concerns about the value of their stock-based compensation following a slump in Amazon's shares recently, according to the report.
Amazon planned to reassess the 2025 compensation in the first quarter of next year, Insider reported, citing a source.
Amazon spokesperson August Aldebot-Green confirmed the memo's accuracy, the report said, though cautioned that the change is a possibility rather than a definite plan.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.