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

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

#91

Earlier quoted context omitted.

Human

There is actually very little evidence for this. It is likely that it is mostly dog poop. EDIT: the comments in response are non-sequiturs. The map does not display mostly human poop. It is mostly dog poop. I know I know, you see people poop all the time. But that’s not what the map is.

I've literally seen someone defecating on the street in the TL. But that's the TL. Elsewhere, yes, it's probably dog.

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

#92

Earlier quoted context omitted.

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).

Well, the engineer could also take a job at another company, and just used the increased compensation to buy more Apple stock. Unless they significantly believe that they working in Apple will be a significant factor in Apple stock price increasing 4x, in which case, they should probably ask for more stock.

Except that RSUs that will mature 4 years from now will be granted today, so you have 4 years of potential appreciation even if you don’t have the money to buy those securities today. It’s quite difficult to replicate the same strategy without taking significantly more risk (i.e. margin), and it’s a big driver in why tech comps have been huge on average, because by the time shares vest they have already ballooned.

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

#93

Apple is clearly an incredibly successful company but to take an example why would an energetic young developer ever choose to work on Apple Music over Spotify? I say this as an Apple Music subscriber but one is a company that is existentially all in and the other that sees a revenue stream. This is evident in the quality of the respective products. If you’re not in the AR/car divisions then what is the point.

Depends on what you think of the business. If Spotify goes down you're looking for a new job and all your stock blows up. If Apple closes music, you'll have a reasonable chance of getting an internal transfer, and the stock will still be there. Risk/reward assessment as usual.

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

#94

> "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…

A bonus is a bonus. Presumably this is on top of whatever they had before, so an extra $20K to $45K per year is icing on the cake.

In reality, most engineers aren't bouncing around from company to company every year trying to squeeze every last dollar out of their compensation. The strategy works well for a few iterations in early careers, but eventually it starts becoming counter-productive.

If you have 10 jobs in 10 years on your resume, every hiring manager who sees it will instantly recognize that you're a job hopper who isn't likely to stay longer than a year. It also becomes difficult to really accomplish anything big if you're always leaving a company before you can really hit your stride.

Most people I know who end up at FAANG level companies are interested in sticking around for at least 3-4 years, if not longer. This provides the chance to accomplish bigger things, build an actual reputation within the company, and move up the in-company career ladder. Jumping to other companies for a $10-50K immediate bonus could be shooting yourself in the foot relative to sticking around long enough to get a promotion and retention awards.

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

#95

Apple is reaching a size where the un-coordination of its leadership and processes as it has grown (while yet rigorously enforcing other negative aspects of corporate culture) are producing a place that is harder and harder to enjoy working for. It worked for a while when the company was small enough and lines of command were short enough for leadership to control effectively, but it has grown while the people proces…

Serious question: what are the companies where this is not true?

My experience personally and from what I have heard from others, this is basically true at every tech workplace today

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

#96
post #22

Well, I’d love to work for Apple, but I have no interest into moving from Minnesota suburbs to the Bay Area with all of its sanitation and ludicrous cost of living problems. If I was Apple… it was the wrong time to build fancy headquarters. You got a few years, and now the area around it is falling apart and your employees have fallen in love with remote work.

> now the area around it is falling apart Lol. As a current Cupertino resident and non-Apple employee, this is the nicest place I’ve ever lived. Massive perfect roads, extremely low crime or homelessness, modern buildings, and easy access to freeways. It’s not at all like downtown SF

> Massive perfect roads

> easy access to freeways

Come live here, it's easy to go elsewhere

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

#97

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…

The standard way to describe Apple is that there are good and bad teams. My experience there (SWE org) was 70+ hour workweeks, backstabbing, more politics than anywhere else I've ever worked by a factor of ten, useless leadership (director had no charisma or leadership skills, but seemed to have the Jobs personality...), fear of senior management (director, VPs) by managers, and every other negative anecdote about a toxic workplace you can come up with.

That being said, I have colleagues in other orgs/teams that love their job, work 30 hours a week on average, have strong managers, interesting work, and shockingly higher pay.

So, there are good teams and there are bad teams. Unfortunately, you only hear that because there are often far more bad teams than good.

I've been impressed that Apple has thus far avoided one of those "Amazon is the worst company to work for" NYT articles. The lows are so unbelievably low at Apple if you end up on a bad team.

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

#98

Earlier quoted context omitted.

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.

Seems like an attack on your qualification to make that statement, not you yourself

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

#99

Earlier quoted context omitted.

Human

There is actually very little evidence for this. It is likely that it is mostly dog poop. EDIT: the comments in response are non-sequiturs. The map does not display mostly human poop. It is mostly dog poop. I know I know, you see people poop all the time. But that’s not what the map is.

I was there for 4 days in 2019 and I saw someone poop right in front of me. A number of other social issues were apparent as well.

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

#100

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…

FWIW, the Apple software devs I know really enjoy their jobs. They all agree that it's not easy work, but I don't know anyone there who claims mistreatment. Small sample size, of course.

> 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.

As a counterpoint, some of the highest paid non-FAANG jobs I had had some of the worst treatment of engineers. The high salaries were used to compensate for the terrible treatment and make it harder for employees to leave. In one case, many of us left and gladly took lower compensation at other companies just to get out. And of course, the jobs were immediately backfilled with new people eager to cash in on the high salaries. Money is an easy way to fill seats, but treating people well is the only way to keep them there.

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