Amazon Plans to Trim Employee Stock Awards Amid Tough Economy

Amazon Plans to Trim Employee Stock Awards Amid Tough Economy
The logo of Amazon at the company logistics center in Lauwin-Planque, northern France, on Jan. 5, 2023. Pascal Rossignol/Reuters
Reuters
Updated:

Amazon.com Inc. said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy.

“We made the decision to reduce RSU [restricted stock units] awards in the final outlook year by a small amount [other years are not impacted],” an Amazon spokesperson said in an emailed statement, without specifying the period of the final outlook year.