Apple is paying out shock bonuses of as much as $180,000 to software program engineers in a bid to cease workers from defecting to different massive tech firms together with Fb father or mother Meta, in keeping with a brand new report.
Choose engineers throughout the corporate had been instructed they’d be receiving the bonuses final week, Bloomberg reported on Tuesday.
The bonuses ranged in measurement from $50,000 to $180,000 and got here within the type of restricted inventory models, in keeping with the outlet. The inventory grants reportedly take 4 years to totally vest, giving the workers a cause to stick with the corporate moderately than bounce ship for Meta, Google, Amazon or different rivals.
Not all engineers are receiving the bonuses — and a few who’ve been not noted are aggravated, in keeping with the outlet.
The information comes as massive tech firms battle over scarce engineering expertise in Silicon Valley, with Meta reportedly hiring away 100 Apple engineers previously few months alone. The Fb and Instagram father or mother firm is particularly devoted to hiring away augmented actuality, synthetic intelligence, software program and {hardware} engineering workers, in keeping with Bloomberg.
Apple and Meta didn’t instantly reply to requests for remark.
Apple’s comparatively tight return to workplace plans have additionally irked some company workers, who the corporate plans to eventually require to return to the office at least three days per week.
In the meantime, Meta, Google, LinkedIn and different tech companies are telling many employees they can work remotely forever — though some will probably be forced to take salary cuts — in a transfer that would assist them poach expertise from stricter rivals.
Earlier in December, Apple mentioned it was giving all workers throughout the corporate, together with retail employees, $1,000 bonuses.
