Apple aims to prevent defections to Meta with $180,000 bonuses for top talent
Apple Inc. has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms Inc.
The bonuses, which came as a surprise to those who received them, have ranged from about $50,000 to as much as $180,000 in some cases. The two companies are likely to become fierce rivals in augmented reality and virtual reality headsets and smart watches, with both planning major hardware releases over the next two years.As the new variant spreads, businesses across California are rethinking timelines for bringing workers back into the office and scrambling to cope with lost productivity.
The bonus program has irked some engineers who didn’t receive the shares and believe the selection process is arbitrary.
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