In order to prevent rivals from poaching, apple issued a stock bonus of up to $180000 to retain talents

2021-12-29

It is reported that apple is paying stock dividends to some engineers to prevent them from changing jobs to companies such as meta (formerly Facebook). Reported that Apple last week sent a notice to senior engineers in the field of silicon chip design, hardware, software and operations that they would receive an "unusual and huge" stock dividend of $50000 to $180000. Most engineers received $80000 to $120000 worth of shares, which were paid in restricted stock units. As long as the employees who get the bonus continue to stay at Apple and do not change jobs to other companies, the bonus can be gradually realized within four years. Apple's normal compensation plan includes basic salary, stock units and cash bonuses, but does not include such stock dividends. According to sources familiar with the matter, apple sometimes gives employees additional cash bonuses, but the latest stock award is unusual in scale, and the company's choice to pay such dividends at this time is also surprising. In the applicable departments, about 10% to 20% of engineers receive this award. Apple told managers that they could pay the above-mentioned stock dividends to engineers as a reward for outstanding performance, probably to prevent companies such as meta from poaching their employees. In recent months, meta has recruited about 100 engineers from apple. However, Apple also dug some employees from meta. Meta is recruiting talents from Apple's augmented reality, artificial intelligence and engineering departments. The company plans to launch a smart watch product that directly competes with apple watch in the near future. In addition, when Apple launches its planned AR / VR (augmented reality / virtual reality) headset, the company will compete with oculus virtual reality headset under meta. (Xinhua News Agency)

Edit:Li Ling    Responsible editor:Chen Jie

Source:Sina

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