Amazon is paying people $10,000 to start a business - A Finance professor explains why
Amazon said Monday that it would contribute as much as $10,000 if employees want to leave the company and form new U.S. start-ups centered on delivering packages. Amazon said it would also pay these people the equivalent of three months of their most recent gross salaries when they were working for the company.
The offering follows the company’s previous efforts to discourage its workers from staying if they don’t want to stay. CEO Jeff Bezos talked about the company’s “Pay to Quit” program in a shareholder letter five years ago, and now the company is going further.
“We want people working at Amazon who want to be here,” an Amazon spokesperson told CNBC’s Make It last year.
The program also lines up with Amazon’s efforts to open up new delivery options. Last year it established the Delivery Service Partners initiative -- which sought to have independent business owners put the Amazon Prime logo on delivery vans -- even as it continues working with FedEx and UPS.