Apple Engineers Paid Another $200K Bonuses to Stay

Apple has paid some of its high staff and engineers another $200,000 as bonuses to stay in the company in order to turn them away from defecting and keep them inside the corporation to “retain talent” according to Mark Gurman of Bloomberg.

This is not the first time that Apple doubles its efforts with compensation and rewards to engineers in order to keep them in its hands. Back in December, the company paid engineers up to $180,000 in order to pressure them from moving to Meta – One of Apple’s Silicon Valley rivals.

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Bloomberg states that Apple rewarded numerous engineers bonuses that range from $100,000 to $200,000 “in restricted stock units”, according to anonymous people familiar with the matter:

“The iPhone maker doled out the bonuses in recent days to a select group of employees in its software and hardware engineering departments, said the people, who asked not to be identified because the move isn’t public. The rewards ranged from around $100,000 to upwards of $200,000 in restricted stock units, with some in the company referring to them as special retention grants.”

Gurman adds and says that the number of employees receiving the payments is “smaller than in December” and that some of them were informed in advance by their senior executives in each division in the corporation:

“Some engineers were informed of their bonuses by senior executives in their respective divisions. Over the past few weeks, the company has also been giving typical annual bonuses and compensation adjustments ahead of its April 15 vesting date. Employee stock vests twice annually, in April and October.”

Finally, the Bloomberg report notes that another reason for the rising payments is rising inflation in the U.S. as the company is about to return for office work.

Earlier this month, Gurman reported that Apple imposed a deadline of April 11th for its U.S. employees to return to office work like in Cupertino and other offices. Since the start of the COVID-19 pandemic, Apple employees have been working largely from home.

Heedo Abu Laban
Author: Heedo Abu Laban

18 years old | News Editor and Writer at Appleosophy | former writer at Kernelnow.com | a big fan of tech + politics | Twitter: @HeedoAbuLaban

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