alt Hacker NewsThe back-loaded vesting schedule is such blatantly cynical bullshit. It shows that they're planning to overwork you, push you to wash out, and undercompensate you for the experience, which is exactly what I've seen happen to a good number of friends. Amazon has become notorious here in Seattle - everyone knows they're a burnout factory. Some people make it through, and they make good money, but you have to really care about money for that to be worth the effort.
I had an Amazon interview loop on the calendar during my recent job search, a couple of months back, but it was difficult to get excited; they think so very highly of themselves, for what they're offering - and I don't just mean the money, but the culture too. They treat you like an interchangeable wage slave, not like a respected professional; it's all hoops to jump through, and procedures to memorize - dance, monkey, dance!
The recruiter was shocked when I cancelled the rest of the interviews, like, aren't you even going to give us a chance? But no: I had received a good offer from an ambitious, well-organized, well-funded AI startup which was excited to have me on board. With that on the table, why would I put up with Amazon? They won't offer better pay, they can't offer a better culture, and they don't have more interesting problems to work on.
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> The back-loaded vesting schedule is such blatantly cynical bullshit;
I don’t understand the complains about it. Amazon pays monthly cash ”sign-on bonus” in the first two years, which is ~ equal to the stock that you get in the years three and four (counting at the grant price). Is this fact not advertized well enough?
> The back-loaded vesting schedule is such blatantly cynical bullshit.
I don't understand this. A friend was recently offered an insane pay package from Amazon (compared to another big-tech). The way I saw it, the Amazon pay package was more attractive than the alternative because of the back-loaded vesting schedule.
Basically they pay you out in cash for the first two years, then after that you have an option to keep working there. If the stock price goes down in the first two years, you got your guaranteed cash -- no risk (and it would be a good time to interview again). If the stock price goes up, you now have basically an option on extra exposure in the form of staying longer with highly valued RSUs, and now getting some high proportion of your pay in RSUs.
It just seems straight up better? If you want the stock instead of fungible cash, just buy it on the open market?
This is an uninformed take. Yes the RSU is backloaded. But during the first two years, you get a large monthly cash sign up bonuses so that assuming the stock stays flat, over the four years, your total comp stays flat. If the stock increases your comp goes up.
I spoke to someone who is there now and when you get your yearly review, now you can choose between mostly cash vs mostly stock for your raise and most people choose mostly cash.
I make the same now as I did when I was at AWS and I much prefer my all cash comp over my less cash + RSUs when I was there.
The problem with working at places where you care that much about money is having to work with people who only care about money.