Apple Gives Employees $2,500 Bonuses After New Tax Law
- Company giving bonuses to most global employees in stock units
- Bonus program follows Apple pledge to increase U.S. spending
Tax Plan Quirk May Give Apple $4 Billion Boost
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Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units, following the introduction of the new U.S. tax law, according to people familiar with the matter.
The iPhone maker will begin issuing stock grants to most employees worldwide in the coming months, said the people, who asked not to be identified because they weren’t authorized to speak publicly. 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 U.S. over the next five years, funding an additional technical support campus, data centers and 20,000 new employees.