Report: Apple hands out $180,000 bonuses to keep top engineers from going to Meta

KGO logo
Wednesday, December 29, 2021
Report: Apple hands out $180K bonuses to keep top engineers
Report: Apple hands out $180K bonuses to keep top engineersApple is reportedly handing out gigantic bonuses to some engineers in the hopes of keeping them from leaving for other tech companies like Meta.

CUPERTINO, Calif. (KGO) -- Apple is reportedly handing out gigantic bonuses to some engineers in hopes of keeping them from leaving for other tech companies.

According to Bloomberg, some high-value engineers are getting big stock bonuses ranging from $50,000 to $180,000.

Apple is trying to keep those engineers from going to other companies, namely Facebook's parent company, Meta.

The Cupertino company did not comment on the program.

Menlo Park-based Meta has poached 100 engineers from Apple these past few months and Apple has done the same, hiring away key Meta employees too.

Copyright © 2024 KGO-TV. All Rights Reserved.