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Apple Expands Hiring Freeze, Delays Bonuses for Some Employees
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That’s a very simplistic take and shareholder focus at the expense of all other concerns is a death spiral for those that care about quality, innovation, uniqueness, creativity, etc. (usually hallmarks of Apple)
So, no, it’s not “how it should be” …and certainly not as it relates to buybacks.
Stock buybacks need to go back to being illegal
Off topic here so I’ll stop
TheYayAreaLiving 🎗️
Suspended
Agreed! Steve Jobs did it for the people. He focused on innovation, productivity, and something magical. That's something Apple is lacking for sure. Now the company is more focused on 💰 sadly.
How many 100k bonuses would you think? Like 500?
The scary part is what Banks and will they be around in 6m.
Yet, he hoarded stock, which was worth more than $2 billion.
Apple shareholders can vote annually on whether they approve of what senior executives are paid.
For anybody interested, Apple's annual proxy statement (available on the shareholder services area of the Apple website) breaks down the composition of executive pay packages. And for people who really want to go down the compensation rabbit hole, annual 10-k statements often contain information about perks such as aircraft, personal security, and golden parachutes.
Yes. AAPL circa late 90's. Jobs drastically cut employees and slashed the product line by 60%. If you want Jobs, you have to remember all the stuff Jobs did to make AAPL what it became.
I sure hope they have an impressive 5-7 pipeline of products worked out.
One wonders where we are in the story arc here, with every product being so iterative and just getting another price hike at every opportunity
The “next Steve” (a visionary .. obviously can’t replace Jobs) better be in house already
One wonders where we are in the story arc here, with every product being so iterative and just getting another price hike at every opportunity
The “next Steve” (a visionary .. obviously can’t replace Jobs) better be in house already
Something has always been off. This is just Tuesday being Tuesday.
The world’s most valuable company delaying bonuses? Yikes.
Oh you gotta be kidding me. So when is this hiring freeze gonna end because I applied for several of their Tier 2 support positions as well as an opening for a macOS Beta Tester and I'm just waiting to hear back on them.
But ofc Timmyboy gets his $50m bonus. **** the proletariats right Tim?
It's gotta be scary when you have commenters spreading disinformation about your company. Based on news reports, Apple appears to have about 10% of the figure you cited.
Also, those reserves are not in a bank. We learned this week that storing massive sums of money in a random silicon valley bank is a rather terrible idea.
Who are the shareholders? Isn't that what publicly held companies are supposed to deliver?
I think we're at the part in the arc where they release the AR/VR Goggles and they're such a monumental game-changer that Apple never has to worry about money again. 😒
With all the talk of FDIC, hmmmm, companies like Apple probably have different arrangements. Geez, they could be a bank with that much cash.
This system is coming to a cataclysmic end and no one is taking note. Banks are failing, the drums of war are beating louder than ever, disease is spreading at an unprecedented rate, natural disasters are taken place with greater frequency and strength. Apple tightening their belt is truly the laaaast thing anyone should be worried about.
I understand the hiring freeze, but come on Apple, you can afford to give employees their bonuses on time.
Gotta make sure there is enough cash left for those 300ft yachts. Unlike apples, they don’t grow on trees, you know.
Some people say Steve Jobs did it for himself
Plus huge stock grants, a personal private plane...
How do you figure??? What are you basing this on?
Delaying bonuses for a Trillion dollar company hahahahHahahahahahah