Apple pays key engineers another round of $200,000 bonuses not to defect to rivals

Apple is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent, Bloomberg News reports, citing “people with knowledge of the matter.”

Apple Park in Cupertino, California
Apple Park in Cupertino, California

Mark Gurman for Bloomberg News:

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.

The bonuses are designed to keep the employees from leaving by vesting over several years, and they could become more valuable over time if Apple’s stock price continues to rise.

Apple previously gave out special stock-based bonuses in December, with the rewards topping $180,000. In that case, the payouts went to employees in the company’s hardware technologies group, which designs its custom chips, and its team working on future virtual and augmented reality headsets.

MacDailyNews Take: Keeping key talent is crucial, so, along with said Apple engineers, we’ll drink to that!

Interns, commence your sacred duty.

Prost, everyone! 🍻🍻🍻

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    1. Agreed. Apple software interface was elegant and just worked with minimal effort.

      Now, Notes does not have a trash icon on the lower bar. You have guess which icon to select, then scroll down and select another click entry to simply delete a file.

      Text messages there used to be a camera icon in the lower bar to click, go directly to camera roll, select and done. Now you have to call up the camera, navigate several layers/actions to do the same wasting my time and battery life.

      The elegant direct navigation is mostly gone and grows more complicated and time consuming all across new iOS updates.

      This is to be expected from a clueless CEO whose only focus is making more money and pushing woke leftist dogma down our throats…

  1. I assume Apple is prioritizing the distribution of bonuses based on engineers’ race, gender, sexual orientation, and disability status; not their engineering prowess. This is the only logical and objective way for a tech company to fairly evaluate their valued employees.

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