32.1 C
Abuja
Monday, April 28, 2025

Apple raises pay of many U.S. retail employees

Apple Inc (AAPL.O) is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday.

Must read

Apple Inc (AAPL.O) is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday.

The hikes range from 2% to 10% depending on store location and role, and will go to sales staff, including Genius Bar technical staff and some senior hourly workers, the report said.

The raises do not apply to all employees, the report added.

Apple is expanding its retail operations, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever.

Last year, it reportedly paid one-time bonuses of as much as $1,000 to store employees ahead of the busy holiday season.

Apple did not immediately respond to a Reuters request for comment.

The pay of its chief executive, Tim Cook, in 2021 was nearly $100 million thanks to stock awards, or about 1,447 times that of the average employee.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -spot_img

Latest article