Apple Again Rewarding Some Engineers With Up to $200K in Stock Bonuses

[MacRumors]

Apple is again providing stock bonuses to some engineers in order to encourage them to stay with the company, reports Bloomberg. Select hardware and software engineers are receiving bonuses of up to $200k, a rare offering from Apple.

Back in December, Apple provided up to $180,000 in bonuses to select engineers in silicon design, hardware, and operations, while the new bonuses are going to both hardware and software engineers. The source who told Bloomberg about the new round of bonuses said that fewer engineers are receiving the special grant this time around.

The bonuses, ranging from $100,000 to $200,000, have been provided in the form of 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.

Apple has been providing bonuses to encourage employee retention and to prevent other companies like Meta from poaching its top talent.

Article Link: Apple Again Rewarding Some Engineers With Up to $200K in Stock Bonuses

 

[julesme]

You could probably convince me to return to the office for a few hundred grand. ?

 

[fishkorp]

Seems odd this isn’t the norm. This is what their primary talent competitors do annually.

 

[BGPL]

I wonder if that bonus comes with a complimentary NDA?

 

[kemal]

Do they still get a T-shirt?

 

[Appleman3546]

Of course Apple is doubling down on hardware, because the EU just passed a law destroying Apple's control on software

 

[JPack]

Honestly, those M1 guys deserve it!

 

[Steve121178]

...and anyone working on macOS, iOS & iPadOS should be fined for the state of their work rather than rewarded.

 

[cb3]

Do they still get a T-shirt?

Stickers. They get Apple® stickers.

 

[Macintosh TV]

This is something you see across all large companies, especially tech companies. It's in no way exclusive to Apple. It's how you get people to stick around and invest in the company. The harder they work to see the company succeed the more those stock bonuses become worth.

 

[HiVolt]

Keep rewarding them for making non upgradeable devices... pure profits...

 

[sartorius]

Honestly, that still seems low for SV.

 

[kppolich]

While others get a pizza party and LinkedIn shoutouts Apple is handing out 6figs. Nice!

 

[citysnaps]

A little on the high side, but not that unusual for SV.

 

[jerryk]

Seems odd this isn’t the norm. This is what their primary talent competitors do annually.

Special grant. Out of the normal cycle. They will also get their "normal" stock options and salary increases.

 

[TimB21]

This is something you see across all large companies, especially tech companies. It's in no way exclusive to Apple. It's how you get people to stick around and invest in the company. The harder they work to see the company succeed the more those stock bonuses become worth.

This is how AOL rewarded/retained me 30+ years ago.

 

[now i see it]

Yet some engineers are leaving regardless

 

[citysnaps]

This is how AOL rewarded/retained me 30+ years ago.

And how TI retained me and others after they acquired the SV startup I worked for.

 

[oneMadRssn]

This is something you see across all large companies, especially tech companies. It's in no way exclusive to Apple. It's how you get people to stick around and invest in the company. The harder they work to see the company succeed the more those stock bonuses become worth.

Also the big law firms, the consulting firms, and the big4 accounting firms. Big retention bonuses flying around right now, but the jury is still out about whether it's working.

 

[jerryk]

Yet some engineers are leaving regardless

Sure. Another company might offer them $250K signing bonus and a better package. Ex. More interesting work, more senior job title and/or higher base salary, work from home 100% with lunches paid for, health club memberships, relocation expenses, etc.

 

[nylonsteel]

well good on them. how about giving shareholders a bonus of raising the dividend

 

[Apple Knowledge Navigator]

TC a great engineer

 

[Baritone_Guy]

These are most likely tied to remaining with the company for around three years. I don’t get that in one shot, but that is it works where I am employed. In any given year I have a set that vest and new ones added on the end.

 

[jz0309]

gotta keep your talented folks happy ...

 

[criticasm]

Well... when you're giving yourselves MILLIONS of dollars in stock bonuses, I guess it saves some face to throw crumbs to those actually doing to real work.

Just a reminder they gave Angela Ahrendts over $70 million is stock alone and it was all Timmy's idea to tick those boxes. As I'm sure it was also Timmy's idea to gently nudge her out not long after the media was touting her as his successor. Unlike with Scott Forstall where he did it underhandedly and knowing it wouldn't look good treating a women the media had given made up awards to just for being a women the same way. Instead they gave her a LOT of stock & little to do and no surprise she got bored & left a wealthy women.