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Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

macrumors.com

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Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#81

Post by [deleted] »

onlyrealcuzzo wrote: post #34
wronglebowski wrote: post #2

> "Most engineers received stock worth $80,000 to $120,000, with the bonuses provided as restricted stock units that are set to vest over the course of four years provided the employees stay with Apple and do not take jobs at other companies." Is that really a significant amount enough to ward off being poached? 120k over 4 years is 30k a year if linear. I would think at the pay scales being discussed they would get…

Also - is this even new? >50% of engineers at Google are L4+. For the last few years, at L4 you should have been getting annual ~$100k grants over 4 years if your work in The Bay. My understanding is that FB paid even more, and that Amazon was maybe 20% behind at the same level. It's not like pre-covid engineers got nothing and now you get a $120k Bonus suddenly.

[deleted]

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#82

Post by sincerely »

ChrisMarshallNY wrote: post #71
uejfiweun wrote: post #16

Pretty much everyone I know who worked in Software at Apple had a bad experience. The common refrain was that engineers are treated like crap at apple, and it's the designers who get all the glory. It makes me excited for the future of software engineering to see moves like this. Clearly Apple, and many other companies, are starting to understand just how critical devs are to a modern business. And they are finding t…

I never worked at Apple, but I've been an Apple developer, since they were a pretty scruffy outfit, and everyone was waiting for them to go belly-up. From my perspective, Apple has always treated their engineers quite well. Guy Kawasaki once said that "Working for Apple is like being paid to go to Disneyland." It may no longer be the case, but I have always assumed that engineers at Apple have always felt valued.

So you've never worked for Apple but think people should know what you imagine people at Apple think?

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#83

Post by flatiron »

judge2020 wrote: post #6
wronglebowski wrote: post #2

> "Most engineers received stock worth $80,000 to $120,000, with the bonuses provided as restricted stock units that are set to vest over the course of four years provided the employees stay with Apple and do not take jobs at other companies." Is that really a significant amount enough to ward off being poached? 120k over 4 years is 30k a year if linear. I would think at the pay scales being discussed they would get…

Not sure if this is how it works, but if they're awarded now and Apple maintains its current growth it could be worth 4x (AAPL is up ~400% compared to 4 years ago).

They grant your “restricted stock units” and deal them out per quarter. So it could be worth $5 or 5 million when they get them.

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#84

Post by mgh2 »

rsstack wrote: post #31
ripper1138 wrote: post #15

Earlier quoted context omitted.

Extremely unlikely that Apple will 4x again in 4 years. Last 4 years stock performance are an extreme outlier for the all big tech companies.

They don't need to convince you that there's a chance for 4x growth, they need to convince those specific individuals that there's a chance. And those engineers are immersed in a culture that could affect their perception of Apple's potential.

Apple is targeting its next 10 years' growth in three key markets: Laptops, VR/AR, and EVs. How big is each market cap?

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#86

Post by hangonhn »

rowanajmarshall wrote: post #64
aritraghosh007 wrote: post #26

Earlier quoted context omitted.

The Bay Area is 6900 square miles of land and cost of living is as high as any other metro on average per square mile. London, Tokyo, New York and pretty much every other major metropolis has problems akin to the Bay Area but we never quite as frequently refer to London or Tokyo “falling apart” the way we like to attract all our collective attention to bash the Bay Area here.

> London, Tokyo, New York and pretty much every other major metropolis has problems akin to the Bay Area I've never lived in the Bay Area/SF so I can't comment on the problems there, but I have lived in London for the past few years. I volunteer extensively with the homeless, and I haven't seen a fraction of what people describe in San Francisco, or anywhere near the level of antisocial behaviour or crime. Every week…

I've lived in the Bay Area for 15 years. Except for the "poop on street" part, I've never witnessed any of those other things in SF or anywhere else either. I've never ever been threatened by anything (words or physically) in real life (this is true everywhere I've lived: Hong Kong, Florida, Connecticut, Texas, SF/Bay Area) In the Bay Area I've largely stayed in the less crowded suburbs such as Mountain View, Palo Alto, etc. where things are kept absurdly clean and orderly (the parks are hosed down at least once a week). Last week while going to work in Burlingame I did see there was human feces in the parking lot but the city sanitation worker was already cleaning it up. I do go to SF sometimes to see friends, to go at a restaurant (in pre-COVID times), etc. There is a small part of SF that gives me uncomfortable feelings but the rest of the city has never given me any issues and I've run through parts of the city in the middle of the night (during the Golden Gate Relay).

I'm not saying that it doesn't happen or that people who write about them are being untruthful. However, I do wonder if it is the extreme events or experiences that get written about and aggregated into news.

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#87

Post by ChrisMarshallNY »

sincerely wrote: post #82
ChrisMarshallNY wrote: post #71

Earlier quoted context omitted.

I never worked at Apple, but I've been an Apple developer, since they were a pretty scruffy outfit, and everyone was waiting for them to go belly-up. From my perspective, Apple has always treated their engineers quite well. Guy Kawasaki once said that "Working for Apple is like being paid to go to Disneyland." It may no longer be the case, but I have always assumed that engineers at Apple have always felt valued.

So you've never worked for Apple but think people should know what you imagine people at Apple think?

> So you've never worked for Apple but think people should know what you imagine people at Apple think?

I thought we didn't post personal attacks on HN.

That was uncalled-for.

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#89

Post by dehrmann »

libria wrote: post #29
flunhat wrote: post #21

Earlier quoted context omitted.

Poop on streets is very common in San Francisco. Most of the bay area doesn't have that problem, though. Map: https://www.arcgis.com/apps/View/index.html?appid=b6fab72091...

Is this animal poop or human specifically?

Both.

Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay

#90

Post by mgraczyk »

swarnie wrote: post #77
mgraczyk wrote: post #27

Interesting, Apple pays $180k over 4 years to prevent good engineers from going to Meta. Meanwhile, Meta gives >$1M in discretionary equity to top performers to prevent them from leaving. I don't think Apple picked a big enough number here.

Quoted post unavailable.

This is a mean spirited comment that doesn't belong on HN. Not going to argue but I don't feel that comments like these add anything of value to the discussion.
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