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2/7, 6:24 PM (Source: TeleTrader)
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Amazon to double annual max base pay to $350,000

Amazon, Inc. will increase its annual maximum base salary to $350,000 for corporate and tech employees, from the former $160,000, as an incentive in the recruitment process for the highest talent and the retention of current employees.

The step is intended to bring Amazon's base pay to the level of other big tech companies, such as Google, Facebook, Apple, and Microsoft. The move was announced to employees on Monday through a post on the internal company site.

“Weighing the economics of our business and the need to remain competitive for attracting and retaining top talent, we decided to make meaningfully bigger increases to our compensation levels than we do in a typical year,” the company stated in the internal post.

Baha Breaking News (BBN) / SP