Amazon.com Inc. said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy.
“We made the decision to reduce RSU [restricted stock units] awards in the final outlook year by a small amount [other years are not impacted],” an Amazon spokesperson said in an emailed statement, without specifying the period of the final outlook year.
The news comes weeks after Amazon announced a second round of mass layoffs, piling on to a wave of job cuts that has swept the technology sector as a rough economy forces companies to get leaner….