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Apple to give lower-level staff US$2,500 in restricted stock

Apple to give lower-level staff US$2,500 in restricted stock

In line with a series of investments Apple announced yesterday (18 Jan), the iPhone maker will be awarding lower-level workers $2,500 in restricted stock, Axios reported.

In an email obtained by Axios, Apple’s CEO, Tim Cook, told employees:”To show our support for our team and our confidence in Apple’s future, we’ll be issuing a grant of $2,500 in restricted stock units to all individual contributors and management up to and including Senior Managers worldwide. Both full-time and part-time employees across all aspects of Apple’s business are eligible.”

Additionally, knowing that its employees value giving back to the communities, Apple plans to match all employee charitable donations, up to US$10,000 annually, at a rate of two to one, with immediate effect through the end of 2018.

Here’s Tim Cook’s full e-mail to staff, obtained by Axios:


Team, 

This morning we announced a new set of investments Apple will be making over the next several years, including expanding some of our existing campuses and establishing a new one. We’re also extending our efforts in support of coding education, ConnectED and STEAM programs. I encourage you to read about these announcements on AppleWeb. 

I’m excited to let you know that we’re also increasing our investment in our most important resource — our people. You are the heart and soul of Apple and we want you to share in the success made possible through your efforts. Your dedication helps Apple make the best products in the world, surprise and delight our customers, and ultimately make the world a better place. 

To show our support for our team and our confidence in Apple’s future, we’ll be issuing a grant of $2,500 in restricted stock units to all individual contributors and management up to and including Senior Managers worldwide. Both full-time and part-time employees across all aspects of Apple’s business are eligible. Details are available on AppleWeb. 

We also know how much our employees value giving back to the communities where we all work and live. I’m happy to announce that starting immediately and running through the end of 2018, Apple will match all employee charitable donations, up to $10,000 annually, at a rate of two to one. In addition, Apple will double the amount we match for each hour you donate your time. Last year, your generosity helped people around the world through causes that are important to you. I’m proud that this year we’ll be able to build on that tradition of giving. 

Apple’s success comes from our people and I am proud to work alongside each of you. On behalf of the Executive Team, thank you for your hard work and dedication. 

Tim


As part of the series of investments announced, Apple expects to invest over US$30 billion in capital expenditures in the United States over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states.

The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year.

9 months ago

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