In an internal email, Apple informed its employees about the planned increase, reports the Wall Street Journal. According to the newspaper, the new salary structure will come into effect at the beginning of July. Employees had criticized the company’s working conditions. Atlanta workers had petitioned to form a union to be the first to speak out Apple-United States office.
Apple is also doubling the global pay-increment budget and increasing annual stock-based compensation programs. You are not alone in this in the industry. Amazon and Google had also promised their employees more money. One reason why Apple wants to pay its employees better could be the planned formation of unions by employees. These ran recently against the group’s planned office requirement.
AppleCEO Tim Cook had already prepared investors for a severe business setback in the current quarter when the business figures were presented at the end of April, mainly because of the corona lockdowns in Shanghai. “We are not immune to such challenges,” Cook had said. The difficulties would affect most product categories. In addition, according to CFO Luca Maestri, business in Russia was stopped in response to the war in Ukraine.