I think this is a good move. The compensation structure of Amazon (max $160k, rest is RSUs) made sense when the company delivered stock value growth each year. It felt startup-esque. The issue is that the stock performance has been unimpressive for several years now, which means that a lot of higher-ups and older employees were seeing their compensation become significantly below market-rate and would, as one expect, leave.
To give people here an idea, my RSUs lost ~4% in value since I've been at Amazon (more than a year). This is perfectly fine if there's an expectation that the RSUs are a "bonus", it's not fine if you need it to go up 10-15% for your TC to match Microsoft.
To give people here an idea, my RSUs lost ~4% in value since I've been at Amazon (more than a year). This is perfectly fine if there's an expectation that the RSUs are a "bonus", it's not fine if you need it to go up 10-15% for your TC to match Microsoft.