Apple Employees’ Lottery Due To Facebook’s ‘Scandal’! Heart will be happy after reading
Apple has given a stock bonus of more than Rs 1 crore to some of its selected engineers. Its purpose is to prevent them from moving to rival companies like Facebook (Meta Platforms Inc.
The company suddenly gave bonus to the employees
The company has given bonus to its selected employees ahead of time, due to which they are quite surprised. The amount ranged from $50,000 (Rs 37,36,275) to $180,000 (Rs 1,34,50,590). Software engineers and related technical professionals received approximately $80,000, $100,000 or $120,000 in stock. A search on LinkedIn for “software engineer” based in the US shows 213,259 listings at the time of publication.
Bonus given to these employees
If the share price of Apple continues to rise, then the amount of engineers’ bonus will also increase according to the valuation. The employees to whom the bonus was given by the company include employees of Silicon Design, Hardware, Software and Operations Group.
What is the reason for giving bonus
Apple’s focus is to prevent its talented employees from moving to rival companies like Facebook. Many tech companies in Silicon Valley are hiring each other’s employees. About 100 engineers of Apple have been added to Mark Zuckerberg’s company Meta. Meaning many Apple employees have joined the meta. In such a situation, Apple has played a big bet to stop its employees.