Amazon employees were offered up to Rs 4 lakh by Jeff Bezos to resign, here is why

Posted on:
Key Points

Last year, Amazon made headlines for showing the exit door to 18,000 employees across various departments..

But did you know that there was once a time when the Jeff Bezos-led company offered up to Rs 4 lakh to employees for leaving their jobs?.

As per a report by Moneycontrol, Amazon's co-founder Jeff Bezos had initiated a program in 2014 wherein he offered up to USD 5,000 (roughly Rs 4.1 lakh)..

The option, called "Pay to quit", was offered to employees with the aim of only keeping people who were committed and motivated to stay at the company...

Talking about why he made such an offer to employees, the Amazon co-founder said that the goal was to encourage people to think about what they really want in a minute..

You might be interested in

Amazon employee developed PTSD due to work pressure, says there was no choice but to resign

04, Dec, 23

A former Amazon employee revealed that they got PTSD due to work pressure after they were put on a performance improvement plan by the company.

Tesla asks which jobs are critical, stoking layoff fears

07, Feb, 24

Tesla Inc’s US managers had to make the binary assessment of their deputies’ roles in recent days

Tensions rise at Amazon HQ as employees announce massive walkout plans

23, May, 23

Amazon HQ in turmoil: Massive walkout planned by disgruntled employees in response to layoffs and controversial return-to-office policy. | World News

Amazon employee quits job instead of working from office, loses Rs 1.6 crore worth of stocks

05, Nov, 23

Amazon employees were asked to start working from offices earlier this year. An employee revealed how he chose to quit his high paying job instead of following the work from office mandate.

Jeff Bezos to sell up to 50 million Amazon shares by January 2025

03, Feb, 24

The sale plan, which is subject to certain conditions, was adopted on Nov. 8 last year and will be completed by Jan. 31, 2025, according to the company's latest annual report.

'I wanted to..': Jeff Bezos reveals why he stepped down as Amazon CEO

15, Dec, 23

Amazon founder Jeff Bezos in a recent podcast revealed why he decided to step down as the CEO of the firm, and the next project he has poured himself into.

Woman gets job offer from Microsoft after 30 attempts, quits as company did not allow her to grow

08, Jan, 24

A woman revealed how she got a job offer from Microsoft after 30 attempts. However, she left the job after just a year.

Tech Layoffs Keep Coming. Why Is Head Count Barely Budging?

29, Feb, 24

Microsoft, Meta Platforms and Amazon are among the companies dwarfing their old selves, despite announcing hefty job cuts.

Meta employee laid off after 7 months of joining says company paid her to do nothing

15, Mar, 23

Former Meta employee claims that Meta hoarded people like Pokemon cards, they were hired for the strangest roles and had no fixed or substantial job to do.

Laid off Amazon India employee says she is grieving, turns to LinkedIn for job search

16, May, 23

A former employee at Amazon's Bengaluru office is deeply affected by the layoff and is struggling to find a job. The impacted employee says she has been feeling a "range of emotions."