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
#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 30k a year just to move companies.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#3This is nothing new. I've heard that some well-known tech companies are offering fairly large additional stock-based long-term incentives (up to 2-3x salary in some cases) to key senior engineering talent to keep teams together for the next few years.
LTIs are a pretty standard retention practice in general, especially for key employees who are already at the top of their pay bands, but the churn in the industry over the last 18 months has probably driven up the actual value of them across the board, and potentially even shortened the vesting period.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#4We've been interviewing a bunch of Apple engineers.
I doubt the $30k a year with some difficult vesting cliff is going to keep those guys working at the dumpster fire that has become Apple.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#5I know a team at apple where four senior engineers quited in past two months… it’s just crazy
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#6> "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).
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#7> "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…
Yea, and that’s 30k before tax. The marginal rate is quite high for senior engineers. Most likely around 15k after tax
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#8We've been interviewing a bunch of Apple engineers. I doubt the $30k a year with some difficult vesting cliff is going to keep those guys working at the dumpster fire that has become Apple.
LOL - dumpster fire of money! and prestige and long-term sales channels. Apple for engineers you mean.. most people here care, but management does not care, and brags about that. I absolutely recall Apple's cynical "revenue per employee" numbers being pushed around, like a house cat who craps in the middle of a path, to show everyone who is really in charge.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#9Well, 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.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#10We've been interviewing a bunch of Apple engineers. I doubt the $30k a year with some difficult vesting cliff is going to keep those guys working at the dumpster fire that has become Apple.
Can you share the complaints? What's theur reason for leaving?