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Oct 14: "TikTok has moved into Facebook’s backyard and is starting to poach its employees" https://www.cnbc.com/2019/10/14/tiktok-has-mountain-view-office-near

• thorwasdfasdf 7y ago
  If they're highering engineers at "20% above Facebook compensation", it really doesn't make sense. In china they could higher roughly 15 top engineers for the price of 1 engineer in the bay area (in China there's an even bigger surplus of engineering talent).
  • chrisjc 7y ago
    Makes perfect sense. Poaching FB's (or any competition for that matter) employees potentially makes them easier to compete with and increases the cost for FB to compete.
  • logicchains 7y ago
    That's simply not true. A top engineer in China costs at least $100k, no way Facebook is paying its engineers ~$1.5 million. ByteDance is famous for paying high salaries: https://crm.org/articles/3-million-pay-packages-how-a-chinese-startup-is-attracting-top-talent https://crm.org/articles/3-million-pay-packages-how-a-chines....