Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Amazon offers employees cash to quit the company

See also

Amazon.com, the world’s largest online retail operation, has a new way to eliminate unhappy employees, according to an April 14, 2014 article published by madamenoire.com.

This new employee initiative, revealed in a letter from Amazon.com CEO Jeff Bezos to investors, offers employees as much as $5,000 to quit the company. By presenting this offer to disgruntled employees, it better ensures that Amazon.com’s workforce includes only those who are genuinely happy to work there.

"The goal is to encourage folks to take a moment and think about what they really want, said Bezons."In the long-run, an employee staying somewhere they don't want to be isn't healthy for the employee or the company."

Amazon got the “Pay to Quit” idea from Zappos, the online footwear and clothing retailer that was purchased by Amazon in 2009.

According to the specifics of the plan, employees will be presented with the opportunity to quit the company once per year, with an initial offer of $2,000. This amount will increase by $1,000 each year until it reaches a maximum of $5,000.

"We hope they don’t take the offer; we want them to stay," said Bezos.

With more than 117,000 employees working either part- time or full- time for Amazon.com, the potential for a large “pay to quit” cash outlay is certainly present. However, Bezos and others do not expect many employees to accept. The majority of workers seem happy in their respective positions but it will be interesting to see just how many actually accept a cash payout to quit. If the program proves too popular, Amazon.com could face other problems and may then have to rethink its plans.

Advertisement

Related Videos:

  • The World Networks 2014 Entrepreneur of the Year Awards
    <iframe width="560" height="315" src="//www.youtube.com/embed/9nIkh9CjPIY?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>
  • Hello Kitty is not a cat - interview with reporter who started worldwide debate
    <iframe width="560" height="315" src="//www.youtube.com/embed/YgH8u6nN1sA?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>
  • Strongarm Universal Mount by Viatek
    <iframe width="600" height="337" src="//www.youtube.com/embed/DEDeddTDC-0?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>