this post was submitted on 30 Sep 2024
1055 points (98.7% liked)
Technology
59627 readers
4035 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.