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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

#151
post #46

Earlier quoted context omitted.

Designers and PMs. Apple is being ran by designers and PMs. Which is not really a bad thing from users point of view.

Apple has product managers?

> Apple has product managers?

hiring so many project managers.

https://jobs.apple.com/en-us/search?search=pm&sort=relevance...

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

#152

Earlier quoted context omitted.

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.

Have you tried just emailing recruiters directly on LinkedIn? My resume isn’t flashy (no-name college and no-name work experience) and certainly it wasn’t a few years ago. Yet, a few years ago I managed to get interviews setup with every single FAANG company, and accepted to interview at three of them. I entered through the front door with no connections, by simply searching recruiters on LinkedIn and “spamming” a couple directly (spam = one single message).

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

#153

Earlier quoted context omitted.

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 1…

My perception is that everyone knows job hopping is normal and companies will be happy to have you for that 1-2 years if you’re good. It’s not a black mark on your resume. For me a questionable resume is someone who spent the past 20 years at Accenture or something. Signals possibility of being too entrenched in those habits to make a contribution in a new environment.

As an engineering manager, this is definitely not true for me. If you have a long history of short tenures, you aren't worth the time to bring up to speed (which is generally 4-6 months). Having a short stint or two isn't a big deal though, people work for companies that have financial problems, or they get a bad manager, or whatever.

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

#154

> "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 1…

Maybe not most, but I'd gather those in the FAANG/unicorn game do - the upside is far too great to not do it. Not 1 year... but more like 1.5-2 years is probably most likely.

And we're not talking a measly $30k bump, but more like $100k. It's far more advantageous to move on than to work toward an internal promotion.

As someone in charge of hiring at my current company, having brought on 17 devs over the past year, the ones we really worry about have a bunch of 6-9 month engagements. But every 1.5 years or so, with some lesser here or there... no problem at all. More likely than not they're great at what they do.

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

#155
post #115
post #46

Earlier quoted context omitted.

Apple has product managers?

Parent commenter might mean EPMs (engineering program managers). They are basically project managers and keep software releases on time. They do tend to hold a lot of power at apple. I don’t think I have never come across an actual product manager at apple. Design tends to make on most of that responsibility

Exactly. Design and Eng as far as I know. Project managers is a whole different thing…

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

#156

> "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 lot of them get this stock option every year, meaning after 4 years, you can easily have 480k vesting over time... (120k already vested after 4 years, 360k more to come in the next 4) etc...

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

#157
post #59

Speaking of employee stock options, Does anyone have a recommended resource that details what practically happens to my options when a company IPOs? I know there’s a lot of variables but I imagine there’s some common patterns and things to be aware of. The entire thing is Greek to me and might become very important soon.

I'm sure there's variables, but your company will most likely setup something with a brokerage and then you'll have to create an account there and have an employer equity account which will track your options. When you exercise them, the shares will go into your regular brokerage account and you can trade them like anything else (potentially subject to trading windows and other temporal conditions). Once you've got s…

[deleted]

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

#158
post #113
post #84

Earlier quoted context omitted.

Apple is targeting its next 10 years' growth in three key markets: Laptops, VR/AR, and EVs. How big is each market cap?

VR/AR is miniscule with relatively high potential. We'll have to wait and see what they come up with, it could be great, it could be niche, no way no to know. EV has huge potential, but has a lot of competition, and Apple would be late to the party and without any serious advantages, technological, ecosystem, or otherwise. On the contrary, they'd have to build delivery and repair networks from scratch ( assuming they…

Also apple forays into new niches are generally hit or miss, though they do at least keep at it until it works like Apple Watch and Apple TV (which was near useless for the first 3-4 years).

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

#159

Earlier quoted context omitted.

It's not really that much of an outlier -- AAPL has had pretty ridiculous growth in each of the previous 4-year periods this century as well. 2021-12-28 $179.29 4.19x 2017-12-28 $ 42.77 2.14x 2013-12-28 $ 20.00 2.65x 2009-12-28 $ 7.56 2.87x 2005-12-28 $ 2.63 6.57x 2001-12-28 $ 0.40 3.33x 1997-12-28 $ 0.12 I agree this can't go on for too much longer, if only because governments will eventually stop Apple if they cont…

Apple being a $12 trillion company in four years just seems pretty low probability to me.

No post body was provided.

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

#160

> "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…

Keep in mind that it’s $30k the first year. If you get the same bonus the next year, it’s now $60k ($30k from the first grant + $30k from the second). At 4 years you’re now making $120k per year above your salary. On top of that, Apple stock has been doing pretty well for something like 15-20 years now. If you don’t immediately sell, that first $30k you got is now worth significantly more, though there are no guarant…

This is apparently a new and unprecedented bonus from Apple, over and above "normal" stock compensation. I'd be surprised if they repeat this every year.
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