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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

#241

Post by jen20 »

deanCommie wrote: post #221
masterof0 wrote: post #176

Earlier quoted context omitted.

> If you have 10 jobs in 10 years on your resume, every hiring manager who sees it will instantly recognize that you're a job hopper who isn't likely to stay longer than a year. HMs in small companies, maybe, in big companies , they dont care, they are paid to bring talent in, they don't get penalized if an employee quits after a year. > This provides the chance to accomplish bigger things, build .... I have seen you…

> HMs in small companies, maybe, in big companies , they don't care, they are paid to bring talent in, You're confusing recruiters for line managers. HM == Hiring Manager == the person who's trying to build a team to accomplish a project, and at large companies most likely a multi-year roadmap. They absolutely care about people staying a long time - it is expensive to train people on the internals of each company. At…

> At a FAANG++ company, you get your first code checked in in your first week, but it takes a YEAR to be truly productive where you are fully autonomous, and have paid off the initial ramp-up period.

I work at one of the FAANGs, and have found this to be 100% untrue. I was fully productive within a week, because I was already an SME in what the team was doing. Likewise, everyone hired on the same team have also been immediately productive. Perhaps it's years of consulting experience (where immediate productivity is expected in hours, regardless of environment), but that is not an uncommon path.

You absolutely do not owe companies loyalty. The same will not be displayed to you when "tough times" hit those companies. Trying to divert from this truism with "startup ethos" or similar such woo is not useful to the majority of people.

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

#242

Post by missedthecue »

lotsofpulp wrote: post #182
missedthecue wrote: post #144

Earlier quoted context omitted.

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

Would you have you ascribed a low probability to Apple being $3T as of Dec 2021 back in Sep 2019 (when it hit $1T)?

yes, and with each rapid doubling, the probability of further doubling decreases.

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

#243

Post by masterof0 »

amzn-throw wrote: post #225
masterof0 wrote: post #191

Earlier quoted context omitted.

This have been so far my experience. The L5 on my team, was L5(L4 at Google scale) at Amazon, couldn't get the promo, then interviewed with us , and got L5 with TC at the top of the bracket. I know is just one data point, but I have heard of similar stories.

That could also be based on a difference of expectations in skills for a job family at Google vs. Amazon. An Amazon Sr. SDE (L6) is expected to have strong leadership skills, which means interpersonal tech lead abilities - including mentorship of others, communication with stakeholders, etc. This person may not have had the abilities or interest in having this so they went to Google which seems to focus exclusively o…

Maybe, but I will take his TC at Google over a L6 TC at Amazon any day, talking from the experience of being at Amazon, and seeing people with string LP evaluations and EE performance getting only a 3% comp boost, so yeah.

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

#244

Post by slimsag »

jedberg wrote: post #199
slimsag wrote: post #95

Earlier quoted context omitted.

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

Netflix.

Fair, I have heard really great things about being a senior eng. there.

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

#245

Post by samspenc »

clintonb wrote: post #213
brentis wrote: post #109

Would $180k over 4yrs move the needle if making $340k yr salary? Think not.

In the near term, no. Long term, with appreciation, yes. The bonus is paid as equity, not cash. If the share price doubles, that bonus is $360K, not $180K. The hope is that you’ll be incentivized to stick around for the appreciation.

I wonder if this will continue though. As some of the other comments point out, Apple stock has increased by 400% over the past 5 years, it's difficult to imagine that it will keep "popping" like this over the next 5 years.

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

#246

Post by sshine »

topkai22 wrote: post #195
masterof0 wrote: post #176

Earlier quoted context omitted.

> If you have 10 jobs in 10 years on your resume, every hiring manager who sees it will instantly recognize that you're a job hopper who isn't likely to stay longer than a year. HMs in small companies, maybe, in big companies , they dont care, they are paid to bring talent in, they don't get penalized if an employee quits after a year. > This provides the chance to accomplish bigger things, build .... I have seen you…

I’m currently involved in hiring at a rather large tech company and I assure you that the hiring manager would be highly displeased if someone left after just a year. In fact, that is true of every hiring manager I’ve ever worked with, because hiring managers hire direct to thier teams and turnover is a PITA. Recruiters may not care, but managers and teammates do. That’s not to say we’d resent someone taking a better…

It happened three times this year that I interviewed for companies having only worked a place for one year, and they didn't even mention this factor. Why? In each case because I'd be filling some urgent hole on a team somewhere. I suppose it's kind of like how "cheating on your partner is bad, but your secret lover won't mind"... as long as there's an immediate gain to your coming employer, they'll focus on other things like how good of a personal fit you'd be, and if you know those things that are in the 6-month plan. Some hiring managers are thinking short-term is my experience. And that is, honestly, just as much of a red flag as an interviewee.

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

#247

Post by mancerayder »

mghfreud wrote: post #200
mancerayder wrote: post #174

Earlier quoted context omitted.

Are these on top of a cash bonus?

Yes, but cash bonuses are “only” around 15-25% of base pay depending on seniority. For senior engineers, rsu grants are >= base pay.

So 300 base, plus the 100 or whatever RSU grant, plus 45-75K bonus?

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

#248

Post by kshacker »

Slightly off topic. I saw this news at Bloomberg which is what is referenced by macrumors. Noticed that picture selling PowerBook G4 which was sold between 2001-2006. Really? News media just stopped investing in photos? This is even before the iPhone era:)

https://www.bloomberg.com/news/articles/2021-12-28/apple-pay...

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

#249

Post by russelldjimmy »

gjsman-1000 wrote: post #24
uejfiweun wrote: post #16

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 t…

If the designers get all the glory… sign me up! Maybe I’m naive, but designing UI stuff is a lot less stressful than making things actually work.

Apples and oranges. Everyone’s job has their unique stresses. Trying to compare is folly.

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

#250

Post by double_nan »

richiezc wrote: post #107
double_nan wrote: post #33

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.

I'm under the impression that EPM is more of a project management role than a traditional PM role given how tops down Apple is?

Well, it’s not easy to understand the full list of responsibilities for the PM ppl, but from my point of view at apple the most important and valuable asset is access to VP+ folks. PMs and designers have the most of it.
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