Hacker News Reader

What company are you at?

Amazon is increasing pay for many technical jobs, although specifics haven’t been communicated. They’re selling it as a large bump for everyone, although I already understand it’s mainly to retain talent or at least match inflation. We’ve underpaid our talent in the past compared to competitor companies.

View on HN

Amazon's pay adjustment was long overdue, and not driven by inflation. The base pay has been capped for so long, and the comp model made an assumption (a historically generous one) about stock performance that hasn't held true for quite a while. That together with their vesting schedule, something had to be done, in order to compete for talent.

On top of all that, Amazon's 401k "match" had a FOUR year vesting cliff iirc.

That's horrid.

Mine is 3 years. I just edited the offer mentally to say "410k (with mega backdoor!) but no match."

Reply on news.ycombinator.com