Apple plans to boost Cupertino workforce by 46 percent

Apple plans to boost Cupertino workforce by 46 percent

Summary: The tech giant plans to raise employee numbers at its headquarters by 46 percent in time for construction to complete in 2016.

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TOPICS: Apple
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apple campus new employees jobs economic report spaceship

Apple plans to boost its workforce by 46 percent to 23,400 by the time the firm's new headquarters is complete in 2016.

The iPhone and iPad maker estimates that salaries will rise in tandem with the expanded workforce, and approximately $2.9 billion will be paid out in the next three years, according to Bloomberg. The data was included in Apple's recent 82-page report that documents the economic impact of the ambitious Campus 2 plan.

Apple's new campus, dubbed the "spaceship" due to its distinctive design, will include a donut-like shape to house staff, R&D labs, a corporate auditorium and parking buildings. In addition, the headquarters will encompass 650,000 sq. ft. of solar panels and wil use a number of renewable energy sources. Apple's headquarters will be closed to the public and have a secured perimeter.

The new headquarters is expected to open in mid-2016.

The Cupertino base will include 2.8 million square feet of office space and over 175 acres of greenery for staff to roam at will. There is no straight glass in the architecture, instead, the last project of ex co-founder Steve Jobs will feature curved exterior walls made of concave glass that rise up 40 feet.

According to the report, the construction of the campus will result in over 9,000 construction jobs and will generate $38.1 million in construction fees for the city.

Apple has recently launched a bond sale in order to borrow $17 billion, a plan which will allow the iPad and iPhone maker to buy back $60 billion in shares and raise shareholder dividends over the next two years as part of a $100 billion capital return program for investors. By offering bonds, the tech giant has been able to avoid hefty tax bills by dipping into funds kept off U.S. soil. Apple CEO Tim Cook appeared in front of Congress last month to explain the company's tax practices to officials.

Image credit: Apple

Topic: Apple

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5 comments
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  • Talk is cheap

    46% workforce growth? I'll believe it when I see it.

    Apple is desperate for some good news for its failing PR machine to chew on, and this is the best they can do. Apple is citing big numbers without committing to anything and the corporation's PR operation knows that nobody will be fact-checking them on this any of this at least for several years. Apple's infamous "reality-distortion field" is still working.

    This story does little to gloss over the fact that the new building is already at least two BILLION dollars over budget (yes that's $2,000,000,000 USD) and Apple is in severe financial trouble having lost almost 50% of its value since September, therefore the plans must now be scaled down dramatically -- which will probably include a substantial reduction in the figures being boasted about here. So this entire story is somewhat ridiculous.

    Apple's extravagant new HQ is the obsolete vision of a dead man, implemented by a corporation that has lost its way and was blindly following a plan concieved before the company began to collapse and fail.
    http://www.businessinsider.com/new-hqs-for-apple-google-amazon-and-facebook-2013-5

    Apple's HQ is a monument to misplaced-arrogance, hubris, and the extravagance and egos of out-of-touch fat-cat executives.
    Tim Acheson
    • "Apple is in severe financial trouble "

      Seriously, don't write about things you don't understand.

      "lost almost 50% of its value"

      Those two phrases make up one of the most financially ignorant sentences I've ever read.
      msalzberg
      • Well, close to $300 billion in stock value, and a drop in sales, isn't that

        far from what the poster above you posted.

        $300 billion is equivalent to the market value of Microsoft or Google, and is nothing to sneeze at.

        So, it seems to me that, you're the one with the "financially ignorant sentences".
        adornoe
        • Hehehe.....

          I can see one of the two happening....
          Apple will secretly build in thrusters so that the campus can take off and going into orbit - and therebye not having to pay any taxes. Or
          Donukin Donuts will have an exclusive sell donuts there.
          Here's a though. Unless you window is looking out at the garbage bins, every office should have the "best" view [no corner office].
          Gisabun
        • Errr....

          Have you looked at the stock value for Google and Microsoft of late? Apple use to be worth more than twice the price of Google and Microsoft. Now they are just 35% more.
          Apple ain't in financial trouble [yet]. More like they lack innovation and are unhappy with Cook's leadership.
          Gisabun