Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of US$2,500 worth of restricted stock units following the new United States tax reform, Bloomberg reported, citing people familiar with the matter.
It's unclear how many Apple (aapl) employees will receive the bonus, but the report said it would be given to "most employees worldwide". The move comes on the same day Apple said it would bring back most of its cash from overseas and spend $30 billion in the US over the next five years, funding an additional technical support campus, data centers and 20,000 new employees. Apple has yet to release an official statement on the matter, but fans, as well as employees, will be expecting more information in the coming months.
I'm excited to let you know that we're also increasing our investment in our most important resource - our people.
Apple CEO Tim Cook with company employees. Both full-time and part-time employees across all aspects of Apple's business are eligible. That law gave huge tax breaks to corporations, many of whom have announced nominal bonuses for employees, including Apple. 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. Some of those companies have paired those bonuses with job cuts and other personnel budget reductions, but we have not heard of supplementary plans of the nature from Apple. In addition, Apple will double the amount we match for each hour you donate your time.
Apple is the latest company to offer such a bonus to employees with AT&T, Comcast, JetBlue and Wal-Mart also doing so. I'm proud that this year we'll be able to build on that tradition of giving.