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marssaxman 7 days ago

The back-loaded vesting schedule is such blatantly cynical bullshit. It shows that they're planning to overwork you, push you to wash out, and undercompensate you for the experience, which is exactly what I've seen happen to a good number of friends. Amazon has become notorious here in Seattle - everyone knows they're a burnout factory. Some people make it through, and they make good money, but you have to really care about money for that to be worth the effort.

I had an Amazon interview loop on the calendar during my recent job search, a couple of months back, but it was difficult to get excited; they think so very highly of themselves, for what they're offering - and I don't just mean the money, but the culture too. They treat you like an interchangeable wage slave, not like a respected professional; it's all hoops to jump through, and procedures to memorize - dance, monkey, dance!

The recruiter was shocked when I cancelled the rest of the interviews, like, aren't you even going to give us a chance? But no: I had received a good offer from an ambitious, well-organized, well-funded AI startup which was excited to have me on board. With that on the table, why would I put up with Amazon? They won't offer better pay, they can't offer a better culture, and they don't have more interesting problems to work on.

throwboy2047 7 days ago | parent | next [-]

The problem with working at places where you care that much about money is having to work with people who only care about money.

andy99 7 days ago | parent [-]

This is a serious challenge in relation to hiring also. If you want to pay for good talent, and so are prepared to pay good money, how do you avoid people who are there for the money.

JCM9 6 days ago | parent | prev | next [-]

They got away with this attitude in the earlier days but it’s really hurting them now. A good chunk of the best talent out there won’t even consider Amazon. Culturally it’s very hard to turn that around now and catch up.

90% of the folks there that I know that were good have left for elsewhere. Of the ones that didn’t most are on H1Bs and basically have no choice but to stay and deal with the toxic environment.

scarface_74 7 days ago | parent | prev | next [-]

This is an uninformed take. Yes the RSU is backloaded. But during the first two years, you get a large monthly cash sign up bonuses so that assuming the stock stays flat, over the four years, your total comp stays flat. If the stock increases your comp goes up.

I spoke to someone who is there now and when you get your yearly review, now you can choose between mostly cash vs mostly stock for your raise and most people choose mostly cash.

I make the same now as I did when I was at AWS and I much prefer my all cash comp over my less cash + RSUs when I was there.

snoman 6 days ago | parent [-]

RSU grants assume a growth rate (15%? I forget) so if they stay flat, go down, or grow slower than the baked-in growth rate, then you make less each year. If you do well enough, they’ll give you some RSUs to “make you whole” (as they used to say) but that doesn’t really happen anymore (or not much).

scarface_74 6 days ago | parent [-]

This is not true for your initial four year grant. I’m going to make up a number to make the math easy. Say my total compensation target was $200K. My initial 4 year offer was structured based on the then current stock price.

It would have been what ever it takes where base + prorated signing bonus + RSUs would equal $200K taking into account the 5/15/40/40 RSU schedule.

pawelos 7 days ago | parent | prev | next [-]

> The back-loaded vesting schedule is such blatantly cynical bullshit;

I don’t understand the complains about it. Amazon pays monthly cash ”sign-on bonus” in the first two years, which is ~ equal to the stock that you get in the years three and four (counting at the grant price). Is this fact not advertized well enough?

marssaxman 7 days ago | parent [-]

The "sign-on bonus" comes with serious strings attached. A good friend of mine got royally screwed when he mistook that bonus for real money, then got pushed to the point of burnout and had to leave; Amazon demanded a lot of the money back, but he didn't have it anymore.

stormbeard 7 days ago | parent | next [-]

I worked at Amazon in 2021 and rage-quit after 9 months. The sign-on bonus I received was paid out monthly, so I didn't have to pay anything back. If it's large enough, they pay it monthly because they know it's very likely you won't make it to the 2nd year.

marssaxman 7 days ago | parent [-]

Glad they've fixed that.

(Still, though - why work for people who know they're going to treat you so badly you'll probably have to quit?)

scarface_74 7 days ago | parent | next [-]

Well for me, I was already 46 when a recruiter from Amazon Retail reached out to me about an SDE (software development) position at Amazon Retail. They said it would require relocation after COVID (this was April 2020). I knew about Amazon’s reputation from both stories and my best friend who had worked as an L6 in the finance department.

There was no way in hell I was going to sell my house and uproot my life to work for Amazon. Then the recruiter after she kept talking suggests I interview for a “permanently remote” [1] “field by design” role at AWS ProServe. I thought sure why not?

The plan was always to make some money - I made over a quarter million more over 3.5 years than I could have made as an enterprise dev working in Atlanta - put AWS on my resume, gain some industry contacts and move on in four years.

I saw the writing on the wall shortly before my 3 year anniversary. I played the game well enough to get past my next vesting period and get my “bust your ass and try to work through your PIP or receive a $40K+ severance and ‘leave immediately’”.

I didn’t hesitate. I took the severance and already had two job offers lined up and had been waiting on the severance offer.

[1] They forced their “field by design” customer facing roles in the office at the end of last year. I would have left anyway before I ever went back into the office.

ghaff 7 days ago | parent | prev [-]

Amazon doesn't seem to work out for a lot of people. I've tended to have long term jobs and probably wouldn't have been tempted to give them a shot.

pawelos 7 days ago | parent | prev | next [-]

Sign-on bonus is prorated and payed monthly, you definitely don’t need to pay back anything (source: I worked at Amazon).

Maybe your friend talked about relocation bonus, which you need to pay back if you don’t work long enough.

marssaxman 7 days ago | parent | next [-]

My friend is a native-born Seattleite, so no, it was definitely not a relocation bonus.

Perhaps they recently changed their policies? I don't know, but it's not a risk I would want to take. Who would want to work for people who treated their coworkers like that?

pawelos 7 days ago | parent | next [-]

Alright, I did some quick research and it seems that they do sometimes pay full first year of sign-on bonus, which you need to repay (prorated). I didn’t see that that during my time at Amazon.

pvtmert 7 days ago | parent | next [-]

Ah, I just saw this, although I wrote a (much comprehensive) reply here: https://news.ycombinator.com/item?id=45097345

The full payment that requires pro-rates is even worse. They expect you to pay it fully back. (ie. with the deducted taxes included!)

I bet it is possible to profit from a such scheme if Amazon is able to declare that as a reversed-transaction (similar to VAT-refunds) at the end of the fiscal year.

stormbeard 7 days ago | parent | prev [-]

IIRC they pay it out monthly if the bonus is large enough.

chihuahua 7 days ago | parent | prev [-]

I worked there in 2013 and had the signing bonus paid monthly. I thought it was great since I could work there as long as I could tolerate it (10 months) and leave without regrets about having to pay back anything. Decent cash comp so I feel I got a good deal.

pvtmert 7 days ago | parent | prev [-]

I joined in 2022 from a different location, there were 2 kinds of comp in terms of bonues, each split into 2 other;

1. Relocation package a. Lump-sum (7k EUR): You get certain amount of money, and you deal with your own move yourself. (Albeit with some reimbursement possible for the initial trips) b. "Other" (I don't remember the name): More supportive option, good if you have family & furniture to move. They essentially pay everything for you. c. Important: The 7k EUR was subject to the tax, hence I got taxed at 55% (EU) due to having no tax residency at the moment (obviously). Nobody ever mentions this. But the re-payment is with the tax-included, ie. you are expected to pay 7k back! 2. Sign-on bonus: This splits into 2-year period a. 1st year: 50% of the total bonus, transferred to your bank account on your first work day. b. 2nd year: Each month, you get 1/12 of the remaining 50%, essentially something like ~4.18% each month on the second year. c. The 50%/50% ratio may depend on the team/role/location, I heard some of the L4s joined to the team got split of 40%/60% (ie less in the first year) for reasons unbeknownst to me.

Conditions are pretty simple, if you leave (for any reason), you must repay monthly-pro-rated amount that you haven't worked given the total period is 24-months. ie. In Luxembourg, probation is 6-months. (Until) at the end of the probation, Amazon can just fire you for no reason. In this case, since the 2nd year sign-on hasn't vested yet, nothing to pay from that, but you must pay 1/4th of your "relocation expenses" and full half of (ie untaxed full amount divided by 2) sign-on bonus you receive on your first day. (ie. 25% of the total sign-on bonus)

Firstly, I know someone (a Greek national) who left Amazon during his 12th Month. Amazon demanded total of 4k+ euros from the guy, citing he hasn't finished his 12th month, hence the first half of his relocation bonus plus the 1-month of pro-rated sign-on bonus, before tax. As far as I know, it was more or less equivalent to his monthly gross salary, and he paid in installments.

Secondly, I heard someone joined from non-EU country in 2023, and essentially got laid off. But because she was in probation and obviously worker rights are much stricter in EU, Amazon just declared her as a probation-failed case instead of layoff. (She also got laid off within last 2 weeks of her 6-months long probation). Since she only got the residence permit recently, not having more than a few months (when unemployed as a 3rd-country national), plus Amazon demanded money to be paid back. As far as I know she contacted an labour lawyer and they basically advised her to go back and not to pay anything back as it becomes an international matter. And the costs/fees for such is much higher than what would Amazon get it back, hence she did what was suggested. Although it obviously burns the bridges but in this case, Amazon started the fire first...

---

As a result, the practices applied here falls no short of what you can hear from the news. As the company has no heart or soul, people are just numbers in a balance-sheet...

scarface_74 7 days ago | parent | prev [-]

Amazon does not demand your pro rated cash sign on bonus back that you get every pay period for the first two years.

Source: I worked at AWS from 2020-2023.

marssaxman 7 days ago | parent [-]

Glad to hear they fixed this broken policy.

sophia01 7 days ago | parent | prev [-]

> The back-loaded vesting schedule is such blatantly cynical bullshit.

I don't understand this. A friend was recently offered an insane pay package from Amazon (compared to another big-tech). The way I saw it, the Amazon pay package was more attractive than the alternative because of the back-loaded vesting schedule.

Basically they pay you out in cash for the first two years, then after that you have an option to keep working there. If the stock price goes down in the first two years, you got your guaranteed cash -- no risk (and it would be a good time to interview again). If the stock price goes up, you now have basically an option on extra exposure in the form of staying longer with highly valued RSUs, and now getting some high proportion of your pay in RSUs.

It just seems straight up better? If you want the stock instead of fungible cash, just buy it on the open market?

coredog64 6 days ago | parent [-]

It's bullshit because it assumes 15% IRR. So if they tell you you're getting $100K in outyear 3, it's not actually $100K, it's $65K of present value equities. If it fails to reach the target value, well, "Ownership" is an LP. You might get some more stock that vests in another year to make up for it, but that assumes you survive the PIP factory for another 12 months.

Oh, and if the stock actually goes up more than 15%, then regardless of your performance you won't get a raise because you've already exceeded band penetration.

sophia01 6 days ago | parent [-]

Thats not true. They price the stocks at current market value and tell you how many you'll get + what the vesting schedule is.