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Leaked Amazon memo shows plans to reduce employee stock awards in 2025

Asia Martin   

Leaked Amazon memo shows plans to reduce employee stock awards in 2025

Welcome back to another day of tech news.

Last week, Elon Musk and a number of tech elites $4 to put a six month pause on developing AI. While it's obvious that AI has the $4 as much as it helps, some tech leaders find the notion of a pause to be a $4.

Meta's CTO Andrew Bosworth $4 on Wednesday that the pause was "unrealistic" and that "it's very hard to stop progress." $4 that he thinks it will be a "mistaken effort." He also said that the letter is more about people playing catchup than being "well intentioned." Even $4when he told Reuters it wouldn't solve any of the challenges the industry was facing.

Before you ask an AI chatbot about whether AI should hang back for a few months, let's look at what else is going on in tech.


If this was forwarded to you, sign up here>$4. Download Insider's app here.>$4


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1. Leaked Amazon memo shows plans to reduce employee stock awards in 2025. The online retailer and cloud service provider told managers that it was trimming the number of restricted stock units granted to workers because of budget concerns, $4.

  • The company is considering increasing the cash portion of compensation to help cushion employees against its stock price going down in the future.
  • The move also meets employees' demands for higher cash base pay, a recent concern amongst its employees.
  • Amazon's stock price slump has impacted RSU-based compensation, causing employees to worry about their earning potential.

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In other news:

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2. Cash App creator Bob Lee died after a reported stabbing in San Francisco Tuesday. Silicon Valley is grieving the loss of the founder of Cash App and the former chief technology officer at Square. $4

3. The head of Google's failed gaming service has quietly left the company. Phil Harrison, the former head of Stadia, left the company in January $4

4. An AI fooled a health reporter into interviewing it for a story. A woman asked Julia Pugachevsky to write a story about her mastectomy tattoo she got after having cancer. Julia found out $4.

5. Generative AI startup Treat scored $8.5 million in funding from Greylock. A startup that helps companies create personalized product photos based on customer data is getting $4.

6. An NYU dean uses ChatGPT 50 to 70 times a day. From finding action items in long email chains to applying for a job, this ChatGPT enthusiast has a $4.

7. The venture debt community thinks First Citizens bank doesn't understand SVB's debt business. Leaders in the venture lending industry said they were confused about the bank's acquisition and $4.

8. The interview question that Microsoft's VP of HR says makes or breaks candidates. Chris Williams wrote for Insider that it's a $4.


Odds and ends:

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9. Microsoft is releasing a discounted Xbox Series X console with Diablo IV. The deal includes a console, game, and digital bonuses. $4.

10. Toyota's Tesla rival, the $52,000 bZ4X, has some flaws. Transportation reporter Tim Levin shows us what it was like to $4 — and why its slow charging and lackluster range is such a disappointment.


What we're watching today:

  • Y Combinator's $4 Day runs from April 5 to 6. Check out our coverage of the $4 batch.
  • It's National Burrito Day in the US. Go treat yourself.

Curated by Asia Martin in New York. (Feedback or tips? Email amartin@insider.com.) Edited by Hallam Bullock (tweet @hallam_bullock>$4) in London.



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