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I wonder if the banks, who are increasingly branding themselves as "tech companies"[1], are worried about Google and Amazon encroaching on their territory. My
by ttobbaybbob 8y ago
I wonder if the banks, who are increasingly branding themselves as "tech companies"[1], are worried about Google and Amazon encroaching on their territory.
My understanding is that at least part of the appeal of NY to Google and Amazon is the quality and quantity of systems engineers at banks and hedge funds.
[1] https://www.bloomberg.com/opinion/articles/2018-02-15/lloyd-blankfein-wants-goldman-sachs-to-push-technology https://www.bloomberg.com/opinion/articles/2018-02-15/lloyd-... (among many other such articles)
- kevstev 8y agoThey definitely are. I left the finance industry in late 2013 after getting an offer in tech for 50% more. My bosses demanded to see the offer letter- they didn't believe me. I eventually acquiesced- and showed the entire team- to make them realize that they can't just keep screwing people out of bonuses, forcing them to work late nights and weekends and expect people to put up with it. About 6 months later, two others also left for tech. I talked with a friend still at GS, and banks are at least making token moves now to be more attractive- "casual fridays", ping pong table on the floor, etc. Not real change, but it at least shows they are somewhat concerned.