To prevent Meta from digging, Apple offers up to $180,000 in bonuses to retain key talent

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The battle for talent in tech is heating up, and the two companies in the vortex are Apple and Meta. According to Bloomberg, Apple is particularly concerned that Meta (formerly Facebook) will need thousands of new employees to build a metaverse. In an effort to preemptively retain key talent, Apple is offering some engineers "unusually significant stock dividends in an effort to retain talent and avoid the flow of employees to tech competitors."

Source: Apple

Apple has not previously disclosed to employees that it will pay bonuses ranging from $50,000 to $180,000, in addition to which software engineers and related technical professionals have received about $80,000, $100,000 or $120,000 in stock.

Apple is also building products for the metacosm, and it only recently poached key Meta employees in a talent war. According to Bloomberg reporter Mark Gurman, Meta recruited nearly 100 engineers in a matter of months from Apple's augmented reality, artificial intelligence, software and hardware engineering divisions. Meta "baited by a massive pay rise, hoping to focus on hardware and the so-called metaverse."

While poaching employees is not illegal, Apple's legal department will track these defectors very carefully to ensure that the technology these engineers work on at Apple is not used for future Meta or Oculus products, which would be illegal.

A further search for "Apple" in the United States on LinkedIn yielded 36,970 results, Meta had 4,314, Amazon had 112106, and Google had 159154. There is a huge amount of job postings that show that these tech giants have a huge demand for talent.

Source: forbes