"Apple has granted stock bonuses ranging from $200,000 to $400,000 to many of its hardware designers. These restricted stock units (RSUs) are designed to keep people in their seats; they vest over four years, meaning an employee has to stick around to see the full payout."
"Some competitors are reportedly dangling even bigger carrots, offering Apple engineers as much as $1 million in annual stock to make the leap. The packages could ultimately offer a bigger payoff depending on the company's stock performance."
"The biggest predator in Apple's talent pool right now appears to be OpenAI. OpenAI's hardware efforts are being led by Tang Tan, a former Apple veteran who once ran the very same iPhone product design team that Apple is now trying to protect with these bonuses."
"OpenAI has also teamed up with legendary former design chief Jony Ive to create a new generation of AI-centric devices. So far, OpenAI has managed to lure away several dozen Apple employees who worked on everything from the iPad and Apple Watch to the Vision Pro."
Apple has started providing substantial, out-of-cycle bonuses to its iPhone Product Design team to prevent talent loss to well-funded startups such as OpenAI. These bonuses, ranging from $200,000 to $400,000 in restricted stock units, are intended to incentivize employees to remain with the company. OpenAI, led by former Apple personnel, poses a significant threat by actively recruiting Apple engineers. Other startups like Hark are also emerging as competitors, further intensifying the challenge for Apple in retaining its top talent.
Read at TechRepublic
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