• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 16, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Apple is doling out $200,000 ‘retention grants’ to keep people from leaving

by Ayush Bansal
March 26, 2022
in Business, News
Reading Time: 2 mins read
0
Apple

Former employee defrauded Apple Inc. through money laundering Source: ABC News

TwitterWhatsappLinkedin

Apple Inc. is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent, according to people with knowledge of the matter.

You might also like

New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

YouTube’s War on Ad-Blockers Is Making Videos Lag—and Viewers Angry

Pentagon Criticized for Sharing Misleading Protest Videos to Justify Military Presence in Los Angeles

The iPhone maker doled out the bonuses in recent days to a select group of employees in its software and hardware engineering departments, said the people, who asked not to be identified because the move isn’t public.

The rewards ranged from around $100,000 to upwards of $200,000 in restricted stock units. With some in the company referring to them as special retention grants.

Apple to Give Bonuses to Engineers

In December 2021, Apple gave up to $180,000 in bonuses to chosen engineers in silicon design, operations, and hardware. The new bonuses are going to both software and hardware engineers.

The bonuses will range from $100,000 to $200,000 and will be given in the form of restricted stock units that are set to vest over the course of four years. If the employees stay with Apple and do not take jobs at other tech companies.

Apple has been giving bonuses to encourage employees retention and to prevent other companies like Meta from poaching its talented engineers.

With inflation and employee angst about having to return to the office. Apple employees will need to do three days a week starting by May. Apple and other tech giants are throwing more and more money at employees to retain them.

In the last few months, Alphabet has adopted a new cash bonus plan that allows employee bonuses “of nearly any size for nearly any reason,” The Wall Street Journal reported last month. Amazon has raised its cash-pay cap from $160,000 to $350,000, according to The New York Times.

Apple Rewarded Engineers Up to $180K

Bloomberg reported that the select hardware, software, silicon design, and operations were informed that they would be receiving stock bonuses ranging from $50,000 to $180,000. Which is an unusual and significant gift from the tech giant.

The payouts are not part of normal Apple compensation packages. It includes a base salary, a cash bonus, and stock units. Apple sometimes awards additional cash bonuses to its employees, but the size of the latest stock grans was timed and atypical.

These bonuses generally come in the form of restricted stock units, which vest over multiple years. This vesting schedule gives employees an added incentive to stay at Apple rather than leave for a competitor. Apple has reportedly faced some employee retention issues, particularly with regard to Meta.

Bonuses such as these were once quite rare at Apple, but have become more common recently due to the overall labor market becoming increasingly competitive. Last December, Apple issued bonuses to around 10% to 20% of its top-performing engineers. The company also gave retail employees bonuses last year ahead of the busy holiday shopping season and iPhone 13 launch.

Tags: AppleBusinessNewsshare
Tweet54SendShare15
Previous Post

Instacart cuts valuation by 40%; squeezed by tech selloff, heated delivery wars

Next Post

Anil Ambani Resigns as Director of Reliance Power, Reliance Infrastructure

Ayush Bansal

Recommended For You

New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

by Harikrishnan A
June 16, 2025
0
New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

As much of the world moves on from the early chaos of the pandemic, a new COVID-19 variant is quietly making its way through communities across Asia, Europe,...

Read more

YouTube’s War on Ad-Blockers Is Making Videos Lag—and Viewers Angry

by Harikrishnan A
June 16, 2025
0
YouTube Faces Criticism Over Alleged Slowdown Tactics on Firefox and Edge

If you’ve noticed YouTube videos taking longer to start lately, you’re not alone—and it might not be a glitch. Over the past several days, users across Reddit and...

Read more

Pentagon Criticized for Sharing Misleading Protest Videos to Justify Military Presence in Los Angeles

by Harikrishnan A
June 16, 2025
0
Pentagon Criticized for Sharing Misleading Protest Videos to Justify Military Presence in Los Angeles

California Governor Gavin Newsom has condemned the U.S. Department of Defense for circulating misleading footage to support the Trump administration’s recent military deployment in Los Angeles. The controversy...

Read more
Next Post
Anil Ambani, source - Indian Express

Anil Ambani Resigns as Director of Reliance Power, Reliance Infrastructure

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?