Apple is giving employees US$2,500 bonuses after new tax law

Employees cheer before the launch of Apple Inc.'s iPad 2 tablet computer at the company's store on Regents Street in London, U.K., on Friday, March 25, 2011. Apple Inc. began selling its iPad 2 to queues of consumers in Australia and New Zealand today, as part of a release in 25 countries including the U.K., France, Switzerland and Germany. Photographer: Chris Ratcliffe/Bloomberg

Apple Inc told employees Jan 17 that it’s issuing a bonus of US$2,500 (RM9,890) worth of restricted stock units, following the introduction of the new US tax law, according to people familiar with the matter. 

The iPhone maker will begin issuing stock grants to most employees worldwide in the coming months, said the people, who asked not to be identified because they weren’t authorised to speak publicly. The move comes on the same day Apple said it would bring back most of its cash from overseas and spend US$30bil (RM118.69bil) in the US over the next five years, funding an additional technical support campus, datacentres and 20,000 new employees.