TECH - Apple Cuts Back On Retail Employee Raises As Pandemic-Era Generosity Fades | Benzinga
Apple Inc. (NASDAQ: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.
This marks a return to levels seen in 2020 and earlier.
This reduction also extends to AppleCare technical support employees, who previously experienced similar pay boosts during the pandemic.
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