Cathie Wood makes a prediction about Amazon’s future workforce 00:00 00:0000:50GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Amazon’s corporate employees will make less money in 2023, people close to the matter told the Wall Street Journal on Monday. Shares of the world’s largest online retailer dropped roughly 36% over the last year, shaking up Amazon’s stock-heavy compensation plan while pulling employee pay much lower than target compensation levels. Ticker Security Last Change Change % AMZN AMAZON.COM INC. 97.20 -0.95 -0.97% Powered By According to the report, Amazon pays its corporate employees a large chunk of their annual salaries in restricted stock units, but 2022’s stock performance will mean salaries will slip between 15% and 50% lower this year. Craig Erlam, a senior market analyst for OANDA, told FOX Business, "I struggle to see a company like Amazon not bouncing back from a decline of this magnitude." "Sentiment towards tech stocks takes a little longer to settle, but things should become much clearer over the next few months in respect to the economy and interest rates, at which point attitude towards tech could be very different," he added. Worker selects and packs items during Cyber Monday at the Amazon […]
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Invest The Invisible Impact
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Invest The Invisible Impact
