I hear being a designer who knows how to make things really thin is still a good career choice.
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Some Apple Engineers Rewarded Up to $180K in Stock Bonuses as Incentive to Stay
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We just need to see data on returns and usage over time..
VR headsets have a huge novelty hit factor -- that fades dramatically for most users (in my experience anyhow)
Apple should start giving NFTs for bonuses. It doesn't cost them anything but they are rare, and it's Apple, so people will pay out the ass for it.
Per the forum rules, I’m requesting a direct source/citation for this statement. As far as I know, there’s nothing indicating that’s ever been confirmed.
I hear being a designer who knows how to make things really thin is still a good career choice.
No, even the master of thin finally ditched Apple 🤣
There has been nothing confirmed about a car either so no, I’m not going to give citation ?
Here's the insidious thing about these kinds of "bonuses:"
They take four years to vest. In that time, Apple can (and 100% will) dump any/all of those devs before those stock options are available, then work hard to attract younger engineers (who will accept smaller salaries than their predecessors for the boasting rights of working for the fruit) - and the stock options offered this year to all the engineers they 86 will become worthless, because they're contingent upon still being employed by Apple.
Every SV company does this: they dangle enticing fortunes in front of the grunts, with no intention of actually ever paying out. It looks festive and generous in the PR release, but in 3 and a half years, after everybody's forgotten about this, Apple will cut the cord on every single last one of them, and welch on the bonus stocks.
They take four years to vest. In that time, Apple can (and 100% will) dump any/all of those devs before those stock options are available, then work hard to attract younger engineers (who will accept smaller salaries than their predecessors for the boasting rights of working for the fruit) - and the stock options offered this year to all the engineers they 86 will become worthless, because they're contingent upon still being employed by Apple.
Every SV company does this: they dangle enticing fortunes in front of the grunts, with no intention of actually ever paying out. It looks festive and generous in the PR release, but in 3 and a half years, after everybody's forgotten about this, Apple will cut the cord on every single last one of them, and welch on the bonus stocks.
Maybe I’m too Dutch for this, but if Apple were to pay me 100K a year and Meta offered me 200K I wouldn’t move. I just don’t want to work for an ****** company. I’ve done that before, but that didn’t improve my life other than a bigger paycheck.
Me and my wife together fetch about $80K a year and we make a good living out of it, even though our total tax rate is above 50%. Houses aren’t as expensive as in the Bay Area, but I think other costs are mostly on par.
Me and my wife together fetch about $80K a year and we make a good living out of it, even though our total tax rate is above 50%. Houses aren’t as expensive as in the Bay Area, but I think other costs are mostly on par.
You don't think a bonus of 36% of your salary is much? What type of bonus package do you get? I can tell Google and Facebook very rarely offer such and generally only to executives.
Key hardware engineers in Silicon Valley can earn more than 100% of their salary in bonuses and stock (and stock-like) grants. In fact, in some cases more than 300% above their salary. Not sure if the employees we are talking about here are hardware or software engineers.
Agreed -- assuming things are close
If the pay disparity gets extreme, it can be nearly impossible to say no
So you've determined that the bonuses and the sheet of stickers are mutually exclusive then?
The same engineers who also complained about having to go through the effort of getting dressed and driving to work when they are making 250k-500k before bonuses lol.
It's a pretty simple concept - supply and demand.
Congrats to those who received bonuses and I hope those that missed out can get there next time if it's important enough to them.
Congrats to those who received bonuses and I hope those that missed out can get there next time if it's important enough to them.
Well those that aren’t getting are obviously dispensable and can be replaced easily in their opinion.
They could add 2 zeros behind it and I still wouldn’t do it. For me it’s not about making money. A good paycheck is important, but I’ve reached a level where my life won’t improve much with a bigger paycheck. I want to create products that push people or companies forward. I need to strongly believe in the company’s vision I’m working for. That’s 100x more important than a bigger paycheck.
”Living the American dream“ has become ”grab as much as you can, while you can”. The rest of the world thinks different though, money definitely isn’t as important around the world.
I admire your moral standards, but I dare say you are likely in an extreme minority that wouldn't take the offer (particularly with 2 more zeros behind it).
At some point this becomes life changing and potentially generational wealth. I don't blame folks who pursue that.
btw - I mostly agree with you -- I'm more just making an observation about reality.
Well it’s a step in the right direction, at least they are getting paid for actuality achieving something, unlike a person being paid obscene amounts of money for wacking a little white ball around a field.
That wasn't my or co-workers experience at a few SV companies over the years.
Perhaps you can provide a citation from a credible source to back up your assertions?
But you need to have a Facebook account, AFAIK.
Can’t login to the intranet without it ?