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December 28, 2021 09:25 pm
Original Link: https://apple.slashdot.org/story/21/12/28/2017211/apple-aims-to-prevent-defections-to-meta-with-rare-180000-bonuses-for-top-talent?utm_source=rss1.0ma
Apple Aims To Prevent Defections To Meta With Rare $180,000 Bonuses for Top Talent
Apple has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms. From a report: Last week, the company informed some engineers in silicon design, hardware, and select software and operations groups of the out-of-cycle bonuses, which are being issued as restricted stock units, according to people with knowledge of the matter. The shares vest over four years, providing an incentive to stay at the iPhone maker. The bonuses, which came as a surprise to those who received them, have ranged from about $50,000 to as much as $180,000 in some cases. Many of the engineers received amounts of roughly $80,000, $100,000 or $120,000 in shares, said the people, who asked not to be identified because the program isn't public. The perk was presented by managers as a reward for high performers.Read more of this story at Slashdot.
Original Link: https://apple.slashdot.org/story/21/12/28/2017211/apple-aims-to-prevent-defections-to-meta-with-rare-180000-bonuses-for-top-talent?utm_source=rss1.0ma
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