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Amazon employees to face salary cut by 50 per cent: Reports

  • Amazon's falling share price is expected to result in a pay reduction of up to 50% for its corporate employees in 2023, according to the WSJ report.
  • The compensation model at Amazon relies heavily on stock awards, making employee pay packets sensitive to fluctuations in the company's stock price.
  • Amazon's spokesperson emphasized that the compensation model is designed to incentivize employees to think like owners and align their interests with the company's long-term performance.

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