Amazon plans to trim employee stock awards amid tough economy

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Amazon Inc said it will limit employee stock grants, a component of its compensation scheme.

Employees of Amazon are given shares of Amazon stock as just a component of their complete compensation scheme.

The announcement comes with Amazon’s announcement of a 2nd round of huge job cuts a few weeks earlier.

Amazon would re-evaluate 2025 salary during the initial quarter of 2019 to prepare for stock variation.

Following a nearly 50 percent share decline in 2022, Amazon’s share price has increased this year by more than 20 percent.

As a part of massive layoffs, Amazon Inc. fired around 100 staff from its video-game businesses, Game Growth, etc.

Amazon has had difficulty making the most of its gaming tools.

Amazon fired nearly 9000 employees in March.

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