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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

#121

Post by qbasic_forever »

compiler-guy wrote: post #101
qbasic_forever wrote: post #78

Earlier quoted context omitted.

Go to one of a dozen or so privileged colleges that FAANGs almost exclusively hire from. Or more realistically, know someone who is already at one of those companies and can vouch for you and get your resume looked at by a recruiter. After that it's mostly a matter of how well you can handle a high pressure tech interview loop.

Google abandoned the "hire from only the best colleges" mantra years ago. It will hire anyone who makes it through the interview, regardless of college.

Yes but good luck getting the attention of a recruiter without something flashy on your resume, or a Googler's recommendation.

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

#122

Post by sofixa »

mgraczyk wrote: post #90
swarnie wrote: post #77

Earlier quoted context omitted.

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.

I disagree. Meta is a big tech company which is up there with Rio Tinto in "purely evil how the heck do they still exist" land. Tech people should be able to discuss how terrible they are. And one of the only possible ways to influence them from the outside is to shame those selling their morals for money.

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

#123

Post by supernova87a »

slimsag wrote: post #95
supernova87a wrote: post #74

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

That is true. But it seems like the gap between IC levels and managers is growing much larger than before, while the skills (at least those displayed) by managers is hardly as noticeable.

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

#124

Post by objclxt »

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.

> Meta gives >$1M in discretionary equity to top performers to prevent them from leaving

Most of the engineers receiving these bonuses would never get discretionary equity at Meta. Discretionary equity is given to < 1% of engineering every year. Of course, Meta also has very generous regular RSU and bonus schemes.

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

#125

Post by Terretta »

71a54xd wrote: post #66

Fuck me, how do I position myself as a developer being poached for $200k?

Talk to a company that isn't a FAANG and believes in paying engineers well because code well written once keeps paying back for a long time.

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

#126

Post by diob »

ryandrake wrote: post #102
supernova87a wrote: post #74

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…

> Now, can't pay someone market rate because that would be going out of band. While at the same time, people who come in as "headline" hires from external are given not nearly such scrutiny and instead get $Ms and hiring bonuses and directorships. This seems like a common, growing problem in BigTech: It's often easier to interview and get L+1 at another company than it is to get promoted from L to L+1. Hell, it's pro…

So true. I don't understand the logic of why companies do this. It's not limited to big tech, I'd say it's true anywhere the company grows beyond 40 or so employees.

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

#127

Post by jorvi »

mgh2 wrote: post #84
rsstack wrote: post #31

Earlier quoted context omitted.

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?

Laptops?

I remember seeing a slide a while back (2017ish) where 70% of Apple's revenue was from iPhones, 5% from iPads and 2% from Macs. No way in hell do they consider that a big growth market.

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

#128

Post by Kon-Peki »

nawgz wrote: post #108
Kon-Peki wrote: post #96

Earlier quoted context omitted.

> Massive perfect roads > easy access to freeways Come live here, it's easy to go elsewhere

The perceived irony is facile; living in a nice safe area with easy commutes to a large amount of places is fantastic.

I'm glad you enjoyed it ;) I was just amusing myself; I moved to a semi-rural small town and bought a house that was twice the size for less money and can work remotely with gigabit internet. There's an Amazon cargo airport less than 2 hours away, so surprisingly my deliveries are even faster than they were when I lived in the city.

Enjoy suburbia; someone has to.

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

#129

Post by shrimpx »

supernova87a wrote: post #74

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…

> It's a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don't see another dime, so where's the motivation? And here's another thing, I have eight different bosses right now.

— Peter Gibbons, Office Space

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

#130

Post by cardosof »

supernova87a wrote: post #74

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…

> Strict standards for the masses, bonuses for the leadership.

Maybe I'm old and bitter but... Isn't any corporation like this? Those who hold the power will use it for their own good, or at the very least, to avoid personal problems and responsibilities. Quick example: you fight to promote someone and it turns out the person shouldn't have been promoted? You screwed up big time, you traded a good employee who was performing well in his spot for a bad employee and now have one person to fire and two open roles to fill. You hire someone from outside? Well if that person fails you can't be fully blamed because of course the HR and your boss were involved so if everyone was wrong then no one can't be blamed.

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