Disney Cuts Some Tech Employees' Stock
Business Insider • • business
Key Points:
- Disney is reducing the maximum stock-based compensation for some tech employees, cutting long-term incentive awards from 35% to 25% of base salary, according to two software engineers and a company director.
- The company states this adjustment is unrelated to individual performance and is based on a market analysis to align compensation with business priorities and the broader technology sector.
- The change affects future stock awards but does not impact stock awards already granted to employees.
- This move comes amid Disney's recent layoffs and a broader industry trend of tech companies cutting costs and restructuring in response to market challenges and the rise of AI.
- Disney's stock performance has lagged behind the S&P 500 over the past decade, contributing to the company's strategic compensation adjustments.
