Apple - Another round of 200,000 million dollar bonuses for some of the company's top engineers.

By FactsWow Team

Posted on: 28 Mar, 2022

Bloomberg Report

According to a recent Bloomberg report, Apple is reportedly giving another round of incentives to some of its employees.

Second Round bonuses

This is the second batch of incentives, with the first being awarded in December and ranging from $50,000 to $180,000.

Employees in the Hardware Technologies

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.

Boosted Competition

The bonuses come as Apple confronts greater rivalry from Meta, Google, and Microsoft for top employees in Silicon Valley.

recent bonus rounds

According to today,s report, the most recent bonus rounds are worth up to $200,000.

software and hardware engineers

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 value of the stock rises

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

slightly in 2022

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.

A Certain Amount of Attrition

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.

Senior Executive Bonuses

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.

least three days per week

By May, engineers and other corporate employees will be required to work out of the office at least three days per week.

Return To The Office With Increased Compensation

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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