Some Apple Engineers Rewarded Up to $180K in Stock Bonuses as Incentive to Stay
Apple is providing stock bonuses to some engineers in order to prevent them from moving on to companies like Meta, reports Bloomberg. Last week, select engineers in silicon design, hardware, software, and operations were informed that they would be receiving a $50,000 to $180,000 stock bonus, which Bloomberg says is "unusual and significant."
Most engineers received stock worth $80,000 to $120,000, with the bonuses provided as restricted stock units that are set to vest over the course of four years provided the employees stay with Apple and do not take jobs at other companies.
The payouts aren't part of normal Apple compensation packages, which include a base salary, stock units and a cash bonus. Apple sometimes awards additional cash bonuses to employees, but the size of the latest stock grants were atypical and surprisingly timed, the people said. They were given to about 10% to 20% of engineers in applicable divisions.
Apple told managers that the bonuses could be provided to engineers as a reward for high performers, and it is likely meant to keep companies like Facebook parent company Meta from poaching employees. Meta has hired approximately 100 engineers from Apple in recent months, though Apple too has hired some Meta employees.
Meta is recruiting from Apple's augmented reality, AI, and engineering divisions. Meta is planning to launch a smart watch in the near future that will directly compete with the Apple Watch, and when Apple launches its planned AR/VR headset, it will compete with the Meta-owned Oculus virtual reality headsets.
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Below, we have recapped eight new features and...
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We're still almost six months away from the official unveiling of the iPhone 15 lineup, but it seems like every day we're learning more about what to expect from the next-generation models. Notably, this week gave us our clearest look yet at what appear to be some changes for the volume and mute control hardware.
iOS 16.4 and associated releases are also right around the corner with some new ...
Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes two months after the launch of iOS 16.3, an update that added Security Keys for Apple ID.
iOS 16.4 and iPadOS 16.4 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. It can take a few minutes...
We saw a lot of great deals on Apple products and related accessories this week, including Samsung's iMac-like Smart Monitor M8 for $250 off, a 30 percent off spring sale at Anker, and the year's best prices on numerous AirPods models. All of these deals are still available to purchase right now, so we're recapping them and more below.
Note: MacRumors is an affiliate partner with some of these ...
This year, all iPhone 15 models will include Apple's Dynamic Island that unifies the pill and hole cutouts at the top of the display, but there will also be a material change to the feature that wasn't included in the iPhone 14 Pro models.
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Top Rated Comments
How come we don’t hear about Microsoft Or Google engineers leaving the company?
Apple: You should also offer free housing for the engineers in the Bay Area, California.
Update: Check out the salary below. That's not even included bonuses. The year 2014. Making bank over here. $180K in 2021? ?
I recognize these are RSUs but I mean to people talking about 180K being nothing or not much. We have household incomes in my state that are around 45-50K a year as the average. That's a family of 4 paying their bills and getting by at 50K. their cars are 10 years old and they're not saving much for retirement but if you told them they'd have to work somewhere for 4 years for 200K a year + 180K after 4 years, you'd be changing lives.