""There's no way to sugarcoat it - this is a reduction in your total compensation," a director recently told one of the tech employees, according to a recording of the conversation."
"Disney leadership "did a marketplace analysis, and they're making an adjustment to the strategic component of their pay," the director said."
"The second software engineer told Business Insider that they were told the cuts reflect a broader pullback in stock-based pay across the industry."
"Disney's long-term incentive plan is "an integral part" of employees' total compensation, along with their base salary and annual bonus."
Disney is reducing stock-based compensation for some tech employees, lowering the ceiling for long-term incentive awards from 35% to 25% of base salary. This change is not related to employee performance or status but is part of a market analysis to align compensation with business priorities. The decision affects a broader pullback in stock-based pay across the industry. The long-term incentive plan remains a key component of total compensation, alongside base salary and annual bonuses.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]