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.
Apple joins a list of companies including AT&T, Comcast, JetBlue, and Wal-Mart who are giving employees bonuses following President Trump's new tax laws. In an email to employees, Cook says this demonstrates his 'confidence in Apple's future' and that both full-time and part-time employees across all departments are eligible. Cook also said the company would contribute twice the amount of each employee's charitable donation, up to $10,000, through the end of the year.
Earlier today, Apple announced that its direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products. More details here.
In total, Apple has around 120,000 employees. Workers below director level are eligible to receive the bonus stock units.