City
Epaper

Amazon worker loses Rs 1.7 cr worth stock after refusing to return to office

By IANS | Updated: November 6, 2023 17:30 IST

San Francisco, Nov 6 An Amazon employee, who quit the company after being asked to return to office ...

Open in App

San Francisco, Nov 6 An Amazon employee, who quit the company after being asked to return to office in the US, has lost more than Rs 1.7 crore ($200,000) in company stocks but he apparently has no regret about losing such a large sum of money.

The former Amazon software-development manager, who worked with the company for nearly four years, quit after being given a return-to-office order, reports ‘Business Insider’.

“If it wasn't for their crackdown on their return-to-office policy, I would still be there with bells on and a smile on my face,” he said.

Instead, he started his new job, “taking a $203,000 pay cut by forfeiting unvested stocks that I'd earned while working at Amazon”.

“Even that huge cut was worth it, rather than being forced to move across the country and abandon my dream life in order to keep my job,” said the employee, who did not wish to be named.

A company spokesperson said that Amazon “could not verify the employee account”.

“We've repeatedly made our position clear: In February, we shared with employees that we'd be asking them to start coming into the office three or more days per week beginning in May because we believe it would yield the best long-term results for our customers, business, and culture,” said the company spokesperson.

“As part of this process, we've asked a relatively small percentage of our team to relocate to be in the same location as their teams. As is the case with any of our policies, we expect our team to follow them and will take appropriate action if someone chooses not to do that,” the spokesperson added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsIPL 2026: BCCI has begun investigation into RR manager Bhinder using phone in dugout, says Saikia

CricketBangladesh names squad for first two New Zealand ODIs

Entertainment'A sad day for music lovers across the world’: Sachin-Virat mourn the passing of Asha Bhosle

TechnologyReview of POCO C85x 5G: The No-Frills Marathon Runner?

NationalCongress institutionalised corruption in Telangana, alleges KTR

International Realted Stories

International“No Trust in Opposing Side”: Iranian Parliament Speaker Ghalibaf Says US Failed To Win Over Delegates in Islamabad Talks

InternationalJaishankar conveys PM Modi's gratitude to UAE leadership for diaspora welfare; reaffirms India's 'major stakes' in regional stability

InternationalPakistan's faulty tax system is a bane for its citizens

InternationalPakistan's political system fails to allow women to lead: Report

International"US begged Pakistan to mediate": Isfahan University's Mohsen Farkhani claims Washington failed to meet targets as peace talks stall