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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

#31

Post by rsstack »

ripper1138 wrote: post #15
judge2020 wrote: post #6

Earlier quoted context omitted.

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.

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.

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

#32

Post by stathibus »

lolsal wrote: post #28
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 has a moral/ethical cost as well as a branding tax.

I don't have an insider perspective on this, but from where I'm sitting, it sure looks like the giant bag of money is sufficient and Meta/Facebook hasn't had to worry about any of those things for a long time.

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

#33

Post by double_nan »

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.

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

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

#34

Post by onlyrealcuzzo »

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…

Also - is this even new?

>50% of engineers at Google are L4+. For the last few years, at L4 you should have been getting annual ~$100k grants over 4 years if your work in The Bay.

My understanding is that FB paid even more, and that Amazon was maybe 20% behind at the same level.

It's not like pre-covid engineers got nothing and now you get a $120k Bonus suddenly.

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

#35

Post by howmayiannoyyou »

In 1979 an inflation-led recession rocked the US economy, abated for about 3 quarters, then returned for another 4 quarters starting in 1981. I expect the same to happen in the months ahead, and in that context Apple's offer is attractive. For anyone who hasn't lived through a deep recession, or an inflation-led recession (stagflation)... it really sucked.

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

#36

Post by xrikcus »

nawgz wrote: post #22
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.

> now the area around it is falling apart Lol. As a current Cupertino resident and non-Apple employee, this is the nicest place I’ve ever lived. Massive perfect roads, extremely low crime or homelessness, modern buildings, and easy access to freeways. It’s not at all like downtown SF

Coming from Menlo Park even, Cupertino feels a bit too dull and suburban, but it is astonishingly well maintained in comparison to anywhere else in the bay area. No doubt that the city is doing a great job.

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

#37

Post by Beaver117 »

SirHound wrote: post #12

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.

Because they are just engineers, not the owners of the company.

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

#38

Post by KerrAvon »

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.

“Sanitation issues” are isolated to certain neighborhoods in San Francisco (“the city”), a 45-minute drive from Cupertino if traffic is light.

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

#39

Post by SirHound »

aritraghosh007 wrote: post #26
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.

The Bay Area is 6900 square miles of land and cost of living is as high as any other metro on average per square mile. London, Tokyo, New York and pretty much every other major metropolis has problems akin to the Bay Area but we never quite as frequently refer to London or Tokyo “falling apart” the way we like to attract all our collective attention to bash the Bay Area here.

Well speaking just for London when I lived there for 12 years before leaving commutes were as easy as jumping on the tube for 30-40 minutes, pretty reliable from a reasonably priced distance. The Bay Area sounds like actual hell in comparison.

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

#40

Post by gjsman-1000 »

libria wrote: post #29
flunhat wrote: post #21

Earlier quoted context omitted.

Poop on streets is very common in San Francisco. Most of the bay area doesn't have that problem, though. Map: https://www.arcgis.com/apps/View/index.html?appid=b6fab72091...

Is this animal poop or human specifically?

Human
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