Amazon raises their corporate base pay cap
In an internal memo to employees, Amazon announced a huge boost in their maximum base salary for corporate workers. The company said they will be increasing their base pay cap to $350,000, up from $160,000. In addition to increasing pay the company said they will be increasing overall compensation ranges for most jobs globally. They cite the competitive labor market as one of their reasons for this change.
See "Amazon raises their corporate base pay cap", Annie Palmer, CNBC, February 8, 2022