Published on 22 Sep 2023 on Benzinga
Apple Cuts Back On Retail Employee Raises As Pandemic-Era Generosity Fades - Stellantis (NYSE:STLA),...
Apple Inc. AAPL has reportedly offered smaller pay raises to its retail employees this year, returning to pre-pandemic levels, with average annual raises, in contrast to the atypical pay hikes during the COVID-19 pandemic.
What Happened: After last year’s generous pay increases of roughly 8% to 10% annually, Apple has scaled back, revealing average raises of about 4% for its retail staff, reported Bloomberg, citing people familiar with the matter.