Apple is paying out surprise bonuses of up to $180,000 to software engineers in a bid to stop employees from defecting to other big tech companies including Facebook parent Meta, according to a new…
Apple is paying out surprise bonuses of up to $180,000 to software engineers in a bid to stop employees from defecting to other big tech companies including Facebook parent Meta, according to a new report.Bloomberg reportedThe bonuses ranged in size from $50,000 to $180,000 and came in the form of restricted stock units, according to the outlet.
Not all engineers are receiving the bonuses — and some who have been left out are annoyed, according to the outlet. The news comes as big tech companies fight over scarce engineering talent in Silicon Valley, with Meta reportedly hiring away 100 Apple engineers in the past few months alone. The Facebook and Instagram parent company is especially dedicated to hiring away augmented reality, artificial intelligence, software and hardware engineering employees, according to Bloomberg. Big tech companies are fighting over scarce talent.
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