‘High Performing’ engineers receiving large stock bonuses to stay with Apple
Recently Apple has seen as many as 100 engineers poached from Apple by Meta, Facebook’s new parent company. Apple has now seemingly took notice and is offering some large stock bonuses to stay with the Cupertino firm.
In an “unusual and significant” move by the Cupertino company, Bloomberg reports Apple is informing select “high performing” engineers in silicon design, hardware, software, and operations that they would be receiving anywhere from a $50,000 to $180,000 stock bonus.
The stock bonuses were given to engineers as restricted stock units that are set to vest over the course of four years as long as they remain employed by Apple.
The payouts aren’t part of normal Apple compensation packages, which include a base salary, stock units and a cash bonus. Apple sometimes awards additional cash bonuses to employees, but the size of the latest stock grants were atypical and surprisingly timed, the people said. They were given to about 10% to 20% of engineers in applicable divisions.
While Apple has hired some Meta employees in the recent months, the number far outweighs the number of personnel they’ve lost. The employees which Meta has been recruiting are mainly from Apple’s augmented reality, AI, and engineering divisions.