By FactsWow Team
Posted on: 28 Mar, 2022
According to a recent Bloomberg report, Apple is reportedly giving another round of incentives to some of its employees.
This is the second batch of incentives, with the first being awarded in December and ranging from $50,000 to $180,000.
Payouts to employees in the company,s hardware technologies section, which builds bespoke chips and whose team is working on future virtual and augmented reality headsets, are in this case. However, Apple has rarely relied on such incentives in the past.
The bonuses come as Apple confronts greater rivalry from Meta, Google, and Microsoft for top employees in Silicon Valley.
According to today,s report, the most recent bonus rounds are worth up to $200,000.
Some of the company,s best software and hardware engineers are receiving bonuses. According to today,s news, this round of awards is smaller than the one in December.
The bonuses are designed to keep employees from leaving by vesting over a long period, and they may increase longer if Apple,s stock price continues to rise
The stock has increased by 40% in the last year; however, it is down slightly in 2022, as part of a broader slump in tech firms.
In its semiconductor design section, the corporation has experienced some turnover. Meta Platforms Inc., the parent company of Facebook, has increased its hiring of engineers intending to put them to work on the so-called metaverse.
In their representative divisions, senior executives informed some engineers of their bonuses. The corporation has also been awarding customary yearly bonuses and pays adjustments in the weeks leading up to the April 15 vesting deadline.
By May, engineers and other corporate employees will be required to work out of the office at least three days per week.
Inflation has also put pressure on firms to raise salaries. And Apple is gearing up for a return to the workplace, which some employees anticipate with trepidation.
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