Tim Cook tells employees the return to offices will begin on April 11th

Post by BlargMcLarg » Sat, Mar 05, 2022, 1:13 AM UTC

thatfrenchguy wrote: post #332

BlargMcLarg wrote: post #312

Earlier quoted context omitted.

But there is legitimate reason to villify. I can't speak for Apple specifically, but many companies are no longer matching the CoL increases. Housing prices are steadily increasing, and so is rent. Many have to resort to longer commutes, buying cars, and such. All of these have detrimental effects to the environment, mental health or both. Pushing people back to the office with nothing else is incredibly tonedeaf to…

I think what you mean is that "people who moved outside the bay area got more house for their money", but the reason they got paid so much in the first place is because housing is more expensive.

Post by ipaddr » Sat, Mar 05, 2022, 1:14 AM UTC

nightski wrote: post #115

jb1991 wrote: post #44

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That stat has been widely reported, in the U.S. at least. There are more deaths from Covid occurring currently in the U.S. on an average daily basis that at any prior time in the pandemic. https://edition.cnn.com/2022/02/24/health/covid-deaths-now-y... NY Times, Washington Post, and other media have similar stories.

CNN is basically a tabloid at this point.

Post by askonomm » Sat, Mar 05, 2022, 1:17 AM UTC

giantrobot wrote: post #280

nickff wrote: post #257

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> "While I have overtime included in my contract I still am able to reduce overtime (it is still being tracked to ensure compliance with local workers protection laws) if the project situation allows." The people talking about working long hours at Apple are getting paid commensurately. There's a reason why people work at FAANG companies despite the constant complaints.

> The people talking about working long hours at Apple are getting paid commensurately. Not really. Most divisions in SWE do stack ranking (unofficially). The top quintile (decile in some groups) gets a majority of compensation at review time. The bottom half is lucky to get a cost of living adjustment to their base pay. They likely will get no RSUs and little if any cash bonus. Despite the disparity in compensation…

Post by PragmaticPulp » Sat, Mar 05, 2022, 1:19 AM UTC

mattnewton wrote: post #351

birdyrooster wrote: post #299

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Can confirm, Google was really stingy with their RSUs compared to Apple, but the perks really aren't that good with the exception of the food, which, when speaking to current Googlers, they say the food quality has fallen precipitously. Google at the time I worked there seemed to lean heavily on its reputation to reduce total comp.

As someone who left Apple for Google, I can say that Apple was even more stingy for all but the most senior levels, where they were competitive. Their TC could come close to matching Google because the stock appreciation was greater with AAPL than GOOG, but the offer letters had lower salary and usually no performance based cash bonuses when I was there.

Post by pclmulqdq » Sat, Mar 05, 2022, 1:21 AM UTC

arcticbull wrote: post #376

Cookingboy wrote: post #359

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>I suspect we are going to see some turmoil in the tech hiring space I agree, but I don't think the disruption will go the way you or I hope it would. Many of the companies that is "one tier" below were able to offer higher comp only because of sky high valuation from the recent bubble. Most of them aren't in the kind of cashflow positions that can sustain such high cost if the stock value correct. If we enter an eco…

> ... what do you think would happen to the stock price of high flying growth companies that don't even make a profit? They're already down as much as 80%. If I were looking around today, I'd kill to join one of those high growth tech startups with a solid balance sheet that just got the crap kicked out of its stock.