> No fees. Not even hidden ones
and
> 2% cash back when you use Apple Card with Apple Pay
and
> 3% cash back at Apple (and Uber, Uber Eats, Booking.com and a few others) when you use Apple Pay
This seems... really good. As in, it's essentially free money. Am I missing a catch here?
I can't even begin to imagine what those 100k people actually do. For starters, none of the telcos actually develop their own equipment - they buy pre-made from vendors like Ericsson. Often that includes ongoing maintenance too. The only "engineering" is building the back-office and customer-facing UIs, and even that is often outsourced (as a rule of thumb, if something can be outsourced, telcos will do it: https://berthub.eu/articles/posts/5g-elephant-in-the-room/).
Customer service might be part of that number (assuming that too isn't outsourced), but even then 100k feels extreme.
10k is ok although leaning on the more bloated side. But 100k?