technology

Apple gives bonuses of up to $180,000 to staff to stop defections to Meta: Report

Apple gives bonuses of up to $180,000 to staff to stop defections to Meta: Report

Apple has issued out-of-cycle bonuses to some engineers to prevent defections to tech rivals like Facebook parent Meta, Bloomberg reported citing sources. The bonuses, issued as restricted stock units, reportedly range from about $50,000-$180,000 and were given to high performers. Meta has hired about 100 engineers from Apple in the past few months, while Apple also hired some Meta employees..

technology 2021-12-29 Inshorts