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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

#11

Post by tshaddox »

gjsman-1000 wrote: post #9

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.

Just FYI, while cost of living is a problem pretty much everywhere in the Bay Area, the infamous sanitation issues are isolated to an incredibly tiny portion of the Bay Area.

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

#12

Post by SirHound »

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.

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

#14

Post by bagels »

tshaddox wrote: post #11
gjsman-1000 wrote: post #9

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.

Just FYI, while cost of living is a problem pretty much everywhere in the Bay Area, the infamous sanitation issues are isolated to an incredibly tiny portion of the Bay Area.

What is that even referring to? My sewer works just fine and trash is picked up regularly.

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

#15

Post by ripper1138 »

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).

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.

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

#16

Post by uejfiweun »

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 that to get good devs, you have to treat devs well too, in order to compete with companies like Google & Meta. My bet: salaries, especially for experienced engineers, continue to skyrocket.

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

#17

Post by k8sToGo »

bagels wrote: post #14
tshaddox wrote: post #11

Earlier quoted context omitted.

Just FYI, while cost of living is a problem pretty much everywhere in the Bay Area, the infamous sanitation issues are isolated to an incredibly tiny portion of the Bay Area.

What is that even referring to? My sewer works just fine and trash is picked up regularly.

Poop everywhere

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

#18

Post by m_a_g »

frozenport wrote: post #4

We'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.

In what ways did it become a dumpster fire? I thought Apple was a great place to work, but now I'm curious...

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

#19

Post by loeg »

halpert wrote: post #7
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…

Yea, and that’s 30k before tax. The marginal rate is quite high for senior engineers. Most likely around 15k after tax

That's going to be true of all marginal compensation differences.

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

#20

Post by spiderice »

halpert wrote: post #7
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…

Yea, and that’s 30k before tax. The marginal rate is quite high for senior engineers. Most likely around 15k after tax

Is that relevant? Wouldn’t an extra $30k at a new company also get taxed the same amount?
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