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

Why is this news?
This is the case literally everywhere in the Valley.
Also it's not that much money, sorry.
200K over 4 years is 50K per year. After Fed+CA etc taxes we are talking about 25K bonus or a little over $2000/month. For someone earning 200K+ that's certainly a nice bonus but not newsworthy. Rent alone is 3x of this bonus.
 
Onelifenofear said:
Its the 80s again!

I had bonus stock in the web company I worked for in 1999, about £12k vested for 2 years… 6 months later it was worth £250k. 3 months later it was worth £420 - no K! Company folded. Everyone fired.

I did escape with a voluntary redundancy of £9k and a one year London travel card! Not too bad considering I was only there 14 months.

Ah the internet bubble!
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Did you buy a fancy car to day the RSU was £250k worth, for payment over the next 2 year ?
 
djgamble said:
Yeah $100-$200k over 4 years? I certainly wouldn't turn it down if offered an extra $25-$50k a year but surely this is chips for top notch engineers?

I guess an inherent feature is that if Apple's stock increases, they could get significantly more.
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Depends what engineering sector you work in. Apple is high profile so there’s a very small talent pool and a small number of companies you can exit for. That attracts a profile monoculture which is a bad thing.

Realistically you can go and do the same work for 1/4 of apple’s baseline salary anywhere.

In fact we’re having trouble recruiting because we pay the market rate (which isn’t FAANG salary) for mid profile engineers and everyone still goes and works for Google for 2x the salary even though they’re just paid it sit on their ass and do nothing useful so that another company doesn’t get them.

Our top tier staff are paid Apple / Google sized salaries just so they don’t leave and take all the knowledge with them.
 
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lkrupp said:
The EU will get to the hardware next by mandating slots, upgradeable SSDs, DRAM, CPUs which will force Apple to discontinue the M1 SOC and return to Intel.
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Nah, if it comes to that, Apple will just pay the multi-million-Euro fines and consider it a cost doing business.
 
Danfango said:
In fact we’re having trouble recruiting because we pay the market rate (which isn’t FAANG salary) for mid profile engineers and everyone still goes and works for Google for 2x the salary even though they’re just paid it sit on their ass and do nothing useful so that another company doesn’t get them.
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Why does this surprise you? Who wouldn't take twice the pay for sitting on their ass?
 
slainbabyyc said:
Why does this surprise you? Who wouldn't take twice the pay for sitting on their ass?
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People who have been around long enough to realise this is another bubble and monocultures and stagnation are career killers.

These guys do that for 3 years, burn out, work for amazon for 2 years, get kicked on the street (after a vicious management review) or burn out and then work out it’s not about the promise or the stock but the balance of career development and benefits.
 
Danfango said:
People who have been around long enough to realise this is another bubble and monocultures and stagnation are career killers.

These guys do that for 3 years, burn out, work for amazon for 2 years, get kicked on the street (after a vicious management review) or burn out and then work out it’s not about the promise or the stock but the balance of career development and benefits.
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That might be the the case at a no name company, but anyone with Amazon or Apple or both! on their resume is pretty much guaranteed an interview at any other company they apply. The exact opposite of career killing, and is in fact the most direct way to kick their career into gear.
 
mdatwood said:
That might be the the case at a no name company, but anyone with Amazon or Apple or both! on their resume is pretty much guaranteed an interview at any other company they apply. The exact opposite of career killing, and is in fact the most direct way to kick their career into gear.
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Interview yes and that’s only thanks to HR staff and agencies being universally clueless.

We still hire on individual merit.

A couple of ex Googlers I’ve interviewed have absolutely terrible social and communication skills and I would not hire them.
 
I opened the comments to see people criticizing Apple for literally giving people hundreds of thousands of dollars, and boy was I not disappointed.

Some of the stuff people here come up with... :D
 
No **** they need to do this. The tech market is messed up for talent. In the past year alone my company has given me over a 20% pay raise. The kicker is that it is not enough. It was enough to stop me from actively applying but not enough to stop me from updating my resume and actively listening and putting out some feelers. The other thing is I was sadly paid with in line a year or 2 ago and even with very healthy pay raises it is not enough any more.

Apple is also known to be the lower paying side of the FAANG level companies. They don’t have the perks to match. They work you pretty hard. It is basically put up with a lot of crap for less. Apple has been loosing it shine of dream job and you work at apple. People care about WLB, and pay. Both of which apple is known not to be great at. Amazon WLB sucks as well but they pay top dollar.
 
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mdatwood said:
That might be the the case at a no name company, but anyone with Amazon or Apple or both! on their resume is pretty much guaranteed an interview at any other company they apply. The exact opposite of career killing, and is in fact the most direct way to kick their career into gear.
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Answer is it depends. Apple and Amazon on your resume can kill your chances at a lot of places as well. Not because they do not believe you have the talent but because they do not believe they can pay you enough. Yes it helps but if interview slots are limited passing on a former faang employee that you don’t think you can pay enough is a valid move.
 
Yeahhhhhh….NO. iOS engineers should be threatened with a paycut given what a mess it’s been especially coming off the obnoxiously stable iOS 12 with a disaster 13 rollout. 14 and 15 not much better.
 
jonnyb098 said:
Yeahhhhhh….NO. iOS engineers should be threatened with a paycut given what a mess it’s been especially coming off the obnoxiously stable iOS 12 with a disaster 13 rollout. 14 and 15 not much better.
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I had to check, my phone is auto-updating and currently at 15.4. I haven't noticed any problems along the way. What's the news, what is broken?
 
I’m contrary enough to think this would convince me to leave, if I was being offered incentives to stay.
 
Danfango said:
People who have been around long enough to realise this is another bubble and monocultures and stagnation are career killers.

These guys do that for 3 years, burn out, work for amazon for 2 years, get kicked on the street (after a vicious management review) or burn out and then work out it’s not about the promise or the stock but the balance of career development and benefits.
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working for apple with non-competitive wages sounds like a monoculture and stagnation to me.
 
This has been the policy for years for most companies however now your seeing it filter down to more employees which is fair and appreciated
In todays World…
no money= I quit
 
michaelprescott said:
I had to check, my phone is auto-updating and currently at 15.4. I haven't noticed any problems along the way. What's the news, what is broken?
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Tab groups are busted on iPad. Safari in general is bugged out. I’ve confirmed this with a friend. The 15.4 bug fixes thread confirms the safari iPad os issues.

Also my Recently visited in safari has stopped working many weeks ago. Lots of people just don’t notice but I’d bet it busted for a lot of people. When the app has to reload when opening tapping the search bar never works the first time. Friend on latest iPhone 13 pro max says swiping back in safari is also delayed but my 12 doesn’t have the issue. As always lots of random bugs

RAM management also seems a bit buggy on my iPhone 12. Rarely will it keep more than 4 apps open.

I’m sincerely hope there is not an iOS 16 this year and they do a massive bug fix release but that won’t happen. One can dream.
 
I remember back in 2001 right before the dotcom bubble burst, I was working for Agilent and they gave something like a 20% across the board bonus to every one of their employees.
 
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