Apple is paying up to $200,000 in bonuses to try and keep its talent
What you need to know
- Apple is reportedly handing out bonuses of up to $200,000 to try and keep its best engineers.
- Restricted stock units are being given to software and hardware engineers.
- Apple offered engineers a similar deal last year to avoid them switching to Meta.
Apple has reportedly handed out bonuses worth up to $200,000 in an attempt to keep some of the company's top engineering talent away from the competition. The new move echoes a similar one from the end of last year.
In a move reported by Bloomberg, Apple is said to have handed the bonuses out in the form of restricted stock units that would likely be tied to a besting schedule.
Both software and hardware engineers are said to be among those who have been handed the bonuses — bonuses that employees are calling "special retention grants" because of the reason they're being given. Apple is keen to ensure that its engineers stay put rather than move to companies like Facebook, Google, and many more.
It's thought that bonuses range from around $100,000 to $200,000.
Apple did something very similar last year, giving some engineers up to $180,000 in bonuses in an attempt to stave off advances from Meta, the parent company of Facebook, WhatsApp, and Instagram.
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Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.