Amazon made a big splash this week with its $15 an hour minimum wage announcement, but lost in the fine print: Existing warehouse workers will no longer receive stock in the company or collect bonuses.

The online giant says next month it will end bonuses, which paid workers extra based on their attendance and warehouse productivity, as it boosts its minimum wage.

Amazon will also phase out its restricted stock unit program, which gave shares to workers if they stayed with Amazon for a certain amount of years. Amazon says it will replace it with a program next year that will allow workers to buy stock, but didn't provide details.

Comments (3)
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Kellyleona00
Kellyleona00

This causes a hassle for Amazon. They need to have enough computer systems for you to manage all of the site visitors at their busiest time of 12 months, however meaning those computer systems are underneath-used or maybe sitting idle for the opposite 10 months of the 12 months. This isn't always a great use of their sources.

Thanos123
Thanos123

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The Happy Hamster
The Happy Hamster

If it's too good to be true, then it probably didn't cost your billionaire boss that much. Not surprised. Very few insanely rich people are generous to their employees.