Bloomberg today reports that Apple will be giving most of its global employees an extra bonus as the company plans on repatriating almost $250B of its overseas cash after new US tax laws were passed.
According to unnamed sources, Apple made the announcement today to employees that it would issue $2,500 worth of restricted stock units (RSU’s) following the new tax laws.
This news comes as Apple also made major announcements about plans to invest $350B in the US economy over the next five years, create 20,000+ jobs, build a new campus, and more. Tim Cook made surprise visit the company’s Reno data center for the groundbreaking of a new facility.
Apple expanded its RSU program to all employees to help retain talent back in 2015.
