Fewer bonuses for Apple staff in latest cost-cutting measure
Apple still isn't giving into Silicon Valley peer pressure to lay off swaths of its staff to cut costs, and is instead reportedly extending its hiring freeze and changing the way it awards employee bonuses.
The change is expected to see some Apple divisions switch from a twice-a-year bonus to an annual payout schedule, extend hiring freezes to other divisions, and leave more positions open if and when folks leave.sources who wished to remain anonymous since Apple hadn't made its plans public, said that bonuses won't be shrinking – they'd simply be awarded in a single lump sum.
Groups being transitioned to the annual bonus plan include operations and corporate retail, sources from Apple told the newswire, which also relayed that Apple employees at the director level and above, who typically receive quarterly bonus payouts, aren't affected by this latest cost-savings measure.
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