- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
Apple reduces raises given to retail employees after weak iPhone quarter::The smartphone market and general economy have slowed down post-pandemic, and Apple is reacting with a lower raise for employees in 2023 versus 2022.
This is my understanding from reading tech social media. Tim Cook also took a 40% pay cut earlier this year. But, people on here would rather be mad about something.
Ah yes, you are correct:
I personally think this is pure lip service. Someone making 100 Million a year taking a 49% pay-cut. But you are correct, he did take a pay-cut. But I would argue this does not hurt him in any way, especially not in comparison to line workers at the bottom of his company. In addition to this, there are a lot of high managers below him that also have direct influence on the course of the company, did they also take this paycut?
This excludes the workers at Foxconn and other manufacturing giants that work solely for apple and are compensated even worse.
He’s running quite literally one of the biggest companies in the world. People who are able to do that deserve top dollar. 1447 times is really not that crazy given his relative economic impact
Well, there we disagree, but that is fine.
Thanks for the cordial conversation though!