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this post was submitted on 30 Sep 2024
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Agreed and they have an average tenure of like 1.2 years, but their stock vesting schedule gives you 5% in year one, then 15%, 40%, and 40%. So you’re pretty likely to never get whatever carrot they dangle in front of you.
Their strange stock vesting schedule makes me think that they're aware that people won't actually want to stay for four years. A back-loaded vesting schedule never benefits the employee, only the employer.
Other companies usually have an even schedule, for example Meta vests 25% per year (actually it vests quarterly instead of yearly). Google is an outlier too, but they do the opposite of what Amazon does - 33% in year one, then 33%, 22% and 12%. I suspect Google do this so they can list a higher total compensation (since initial total comp is salary, stock, and benefits for the first year), but getting more of your stock sooner is a good thing.