Apple gave its employees stock bonuses ranging from $50,000 up to $180,000 to keep them busy. This was in an effort to ward off potential defections to rivals like Meta.
Bloomberg reports that the group includes people who are involved in silicon design, operations, hardware, select software and other areas.
People familiar with the situation said that many of them received shares of approximately $80,000, $100,000, or $120,000.
Bloomberg claims that Apple shares will vest in four years. This provides an incentive for employees to keep coming back to the company. Shares are also awarded to individuals who perform well at work.
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Apple gave its employees stock bonuses ranging from $50,000 to $180,000 to keep them from leaving for Meta, its main rival. It includes people who are involved in silicon design, operations and selected software.
Although Meta and Apple might seem to have different business models, the reality is that they both work together to create virtual and immersive realities.
It is believed that Mark Zuckerberg, the company behind this smartwatch, may also be working on its own.
Meta hired around 100 Apple engineers in the past few months. However, Apple also has its fair share of top employees.
The most recent was Meta’s AR public relations head Andrea Schubert, according to Mark Gurman’s Power On newsletter.
According to people who were familiar with it, many of the engineers got shares worth approximately $120,000, $100,000 and $80,000. Bloomberg reports that Apple shares will vest in four years. This provides an incentive for employees to keep working at Apple. The shares were awarded to individuals who have demonstrated high levels of work performance.
Gurman explained that Meta (with Oculus) has been the market leader for headsets. So such an hire makes sense just as Apple’s launch is approaching, Gurman said.
Bloomberg reports that not all Apple engineers were awarded the bonus and some are angry at being left out, claiming that the selection process was arbitrary.
People familiar with the subject say that this type of compensation is rare at Apple. Instead, employees typically receive a salary base, stock units, and cash bonuses.
Bloomberg received the information from sources who said it was an “atypical” bonus that had been surprisingly timely and given to approximately 10 to 20% of engineers within relevant divisions.
Apple seems to be putting too much effort in its corporate employees, but not enough focus on its retail employees, who organized a Christmas Eve walkout across the company. They demanded more pay, better mental health care, and protection for their employees.
The retail workers also requested N95 masks, hand sanitizers, and appointments for customers who want to shop in an Apple Store.
Apple appears to only be investing a lot in corporate employees but is not paying enough attention its retail workers who held a Christmas Eve company-wide walkout demanding better pay and mental health care.
However, it was not a success in America.
AppleInsider discovered that only one or two employees of 10 east coast stores participated. However, most locations reported their entire staff being present for work.
Janneke Parrish, a former Apple employee, admitted that only a tiny percentage of Apple’s workforce was participating in the walkout.
She called it important that workers came together against this tech company.