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...
Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
261–270 of 272 posts
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#262I 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
#263We'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...
We may hear more stories in the next few years. Either the woke took over, or the woke left.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#264Earlier quoted context omitted.
I worked in software & hardware engineering at Apple, we don't know one another, and nothing you cite as the common refrain was true anywhere around our world. We were treated excellently, and I loved it. (Quit for a science job far away, total non sequitur, not because of Apple)
I think there is a major difference between Steve-Jobs era and Tim Cook era. Lots of people's past experience may have been Steve Jobs or slightly past Steve Jobs era from 11 - 14, where most of the things stayed the same. I tend to think 2015 was a turning point. And everything after is Tim Cook era. Also depends on org as well, for example vast majority of bad comments could be traced back to Apple IS&T. And you do…
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#265Earlier quoted context omitted.
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?
These are for average performers. Above average performers get up to ~100% more bonus and rsu
At each promotion, these numbers increase by around 15-20%. (Same for L4->L5 promotion, but L4 is not a senior level at Google)
* These are ballpark Bay Area numbers for L5 to L8.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#266> "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…
$180k in AAPL 4 years ago is more like $540k now. If you don’t sell the stock, even after tax you’re potentially looking at $300k over a 4 year period. Plus, if you continue to get decent bonuses each year, this grows even more. Over a typical period over the past 10 years, Apple engineers would easily expect “salary” to be considerably less than half their actual income, especially when you consider the size of a typical sign-on RSU bonus and the amount it will grow.
Now of course, the longer Apple keeps growing like this, the less and less likely it is to continue its trajectory, so I don’t know if new engineers will see the same gains, but over the past several years it would have been a pretty sweet deal.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#267Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#268Earlier 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…
> 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. This is a good point. Most people singing the praises of job hopping are early ( staff eng or manager, staff eng -> principle eng, principle eng -> execu…
That might be the biggest luxury of being in this field at least for the time being. You don't need to constantly looking for a different job that pays a little more to not live hand to mouth, nor do you need to climb the corporate ladder or move to a specific city/country to be able to have a good quality middle class life.
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#269Earlier quoted context omitted.
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 co…
Re: Some Apple engineers rewarded up to $180k in stock bonuses as incentive to stay
#270Earlier quoted context omitted.
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.
How much is Zuck paying you to post this? How many lives was it worth? People on this forum NEED to look at what they contribute to the world, i imagine some of them wont want to.
Also, could you please stop posting flamewar/flamebait comments generally? We're hoping for a different sort of forum.