Apple gives a $1000 bonus to its employees ahead of the shopping season

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Surprise surprise, Apple Store employees will receive a hefty $1000 bonus this year. The good news for Apple employees was first reported by Bloomberg. Those who joined the company before March of this year will receive a $1000 bonus. Newer employees will receive $500, which is still a pretty good sum. This information comes from reliable sources of both Bloomberg and 9to5Mac.
“The bonuses will be an unusual perk since Apple rarely gives companywide payouts. The last major one was $2,500 worth of restricted stock units in 2018. That bonus followed tax changes allowing Apple to bring back cash from offshore accounts at a lower cost. The new bonuses will be issued via cash in paychecks, rather than as stock units, the people said.”
Apple Store staff won’t be the only one to get a nice bonus this year. AppleCare and online sales employees are getting one grand as well, which means the company is serious about keeping its customer service happy.
9to5Mac states that the reason the Cupertino company gives such bonuses is that it wants to retain its existing employees before and during the holiday season. As most of you know, the iPhone 13 series is the company’s biggest upcoming release, and it is set to be a big one. This means that Apple will need all the labor force it has to keep its customers happy.
Plenty of stuff if you ask us. The first thing that comes to mind is buying a new iPhone 13 device. Yes, the iPhone 13 Pro Max costs more, but Apple staff can always go for the $999 iPhone 13 Pro or the even less expensive iPhone 13 and iPhone 13 mini.
Questions & Answers
Q.Which Apple employees will qualify for the full $1000 bonus?
Which Apple employees will qualify for the full $1000 bonus?
Employees who joined the company before March of this year will receive the full $1000 bonus. This includes Apple Store staff, AppleCare, and online sales employees, while newer employees will receive $500.
Q.Why is Apple giving out bonuses to its employees this year?
Why is Apple giving out bonuses to its employees this year?
The company reportedly wants to retain its existing employees before and during the busy holiday shopping season. This is particularly important with the upcoming release of the iPhone 13 series, which is expected to be a major event.
Q.How do these bonuses compare to previous company-wide payouts from Apple?
How do these bonuses compare to previous company-wide payouts from Apple?
These cash bonuses are an unusual perk, as Apple rarely gives company-wide payouts. The last major bonus was in 2018, consisting of $2,500 worth of restricted stock units following tax changes.
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