We call that a Texas penny.
Sadly, IMO, the U.S. is not producing grads with the skills and work ethic needed for today’s STEM jobs, which is why Apple pursued this strategy in the first place.
As a hiring manager, it’s hard to find anyone from the U.S. who actually treats their job like a job. Entitlement is rampant.
This practice is unbelievably common. This is likely to favor specific individuals they wanted to hire who happened to be foreign, not to favor foreigners per se.
Breaking news: Foreign labor is cheap.
Breaking news. Foreign labor is cheap when is foreign. In the US (legal) “foreign” labor costs exactly the same as local labor.
Once again. This is a nationwide problem. Everywhere is outsourcing
Apple likes to give tons of money and employment to genocidal dictatorships like China
Apple powers chinas current massive military expansion which could be used to kill Americans among many others
Saudi Arabia and Qatar don’t count as genocidal dictatorships?
We Americans are super close friends with
Saudi Arabia 🇸🇦 and
Qatar 🇶🇦
Or the easiest example, the US throws hundreds of billions of dollars in aid and military support to Israel, which is actively committing genocide right now and killing journalists to cover it up.
When you can’t legally own slaves, import them!
via the southern border.
The “slaves” in question here are being compensated between 160K-220K base salary, and 250K-350K total comp.
This is happening all over tech. Nobody wants to hire US workers they’d rather hire 10-20 people in Philippines or India at the same cost as 1 US employee with benefits
They hire foreign workers because they are much better workers and a lot smarter
This is delusional. They hire these workers because they’re on work visas and basically have to tolerate whatever bullshit Apple throws at them because if they quit or get fired they’re going back to their home country
while getting paid 200-500k or higher total compensation a year
Apple probably has $25 million in loose change between couch cushions at their HQ.
These fines for apple is less than a speeding ticket for us
These fines for apple is less than a speeding ticket for us
I remember hearing that one of the Scandinavian countries has speeding tickets denominated as a fraction of your annual income so a billionaire speeding ticket still hurts. I could be hallucinating though – too lazy to google it.
Slap on the wrist. All big tech companies have been basically on-shoring for the last 10 years
jobs going to lowest bidder gives shoddy quality, but deportation threats get work done.
That is 0.025% of their 2022 net profit, so basically nothing
Now sue the other companies doing the same, Google, JPMorgan Chase
Apple made 96 billion last year or $182,650 a minute just about.
They paid this fine in 2.3 hours.
Think about what qualified people lost when they literally can’t work for these companies. Literal pennies in fines that they have to pay.
It should be something that will genuinely hurt their bottom line. Like in a clear case of malice and trying to skirt the law like that? A guilty verdict should carry a fine of 30% of all revenue, not profit, for the [fiscal] year.
No accounting tricks and barely slap on the risk fines. A fine that risks profitability to the shareholders they are (supposedly) accountable to. Executives wouldn’t touch a program like what just pulled with a 10 foot pole.
“You think too much of me, kid. I am not that clever. All I want is a truce.” - The Federal Government
Yep, having Apple on your resume can change your whole life. Not to mention the highly competitive salaries for even moderately technical positions.
$25 million is nothing. Thats probably what they make in a days worth of sales, probably even less than a day. This is pocket change for a corporation of their size. They probably knew what the fines would be and decided it was cheaper to pay that than do the right thing. Hell, corporations allocate part of their budgets for fines and penalties; it’s an incidental part of doing business for them.
Someone did the math in the comment below yours. Roughly 2 & 1/3 hours of sales
Well I’ll be damned. My estimate was way off.