Amazon's hourly workers lose monthly bonuses and stock awards as minimum wage increases

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Amazon's hourly workers lose monthly bonuses and stock awards as minimum wage increases

Oct 04 2018

Amazon's minimum-wage increase for its hourly workers comes with a trade-off: no more monthly bonuses and stock awards.

Amazon confirmed in an email to CNBC that the company is getting rid of incentive pay and stock option awards as it increases the minimum wage to $15 per hour. The company, however, stressed that the wage increase "more than compensates" for the loss in other benefits.

Source: CNBC

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