{"id":126850,"date":"2021-12-29T10:48:04","date_gmt":"2021-12-29T09:48:04","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=126850"},"modified":"2021-12-29T10:48:04","modified_gmt":"2021-12-29T09:48:04","slug":"apple-gives-engineers-180000-christmas-bonus-to-prevent-them-from-defecting-to-facebook-and-other-rivals","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/12\/29\/apple-gives-engineers-180000-christmas-bonus-to-prevent-them-from-defecting-to-facebook-and-other-rivals\/","title":{"rendered":"Apple gives engineers $180,000 Christmas bonus to prevent them from defecting to Facebook and other rivals"},"content":{"rendered":"

A rare $180,000 Christmas bonus has been doled out to engineers working for Apple inc. to stop them from joining rivals Meta (parent company of Facebook) and other IT rivals .<\/p>\n

According to reports, Apple<\/a> gifted its engineers working in silicon design, hardware and select software and operations stock bonuses starting at $50,000 to as much as $180,000.<\/p>\n

The shares which vest over four years, are an incentive to stay at Apple according to a report by Bloomberg.<\/p>\n

Many of the engineers received amounts of roughly $80,000, $100,000 or $120,000 in shares, people familiar with the matter told Bloomberg.<\/p>\n

Although Apple and Meta may seem like different businesses, they are both working to make waves in the virtual and augmented reality space – pitting the two powerhouses against each other.<\/p>\n

In the last few months, Meta has hired about 100 engineers from Apple<\/p>\n

However, not all of Apple’s engineers received the bonuses and those left out are annoyed, saying ‘the selection process is arbitrary,’ according to Bloomberg.<\/p>\n

The sources told Bloomberg it was an ‘atypical and surprisingly timed’ bonus given to about 10 percent to 20 percent of engineers in applicable divisions.<\/p>\n

Though Meta is a social media company and Apple a tehnology hardware production company, both companies are investing heavily into the virtual reality and augmented cyber world.<\/p>\n","protected":false},"excerpt":{"rendered":"

A rare $180,000 Christmas bonus has been doled out to engineers working for Apple inc. to stop them from joining rivals Meta (parent company of Facebook) and other IT rivals . According to reports, Apple gifted its engineers working in silicon design, hardware and select software and operations stock bonuses starting at $50,000 to as […]<\/p>\n","protected":false},"author":5,"featured_media":126851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[39],"tags":[10264,26189,22946,26188],"class_list":["post-126850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-apple","tag-bonus","tag-christmas","tag-defect"],"yoast_head":"\nApple gives engineers $180,000 Christmas bonus to prevent them from defecting to Facebook and other rivals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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