5 ms·

Not even underdeveloped countries, I live in a G8 country and there is hardly any significant FAANG shop here. For example if you want to work for Google in Eu

by luch 5y ago

Not even underdeveloped countries, I live in a G8 country and there is hardly any significant FAANG shop here. For example if you want to work for Google in Europe it's either UK or Switzerland, which are interestingly the two developed european countries outside of the EU :)

knolan 5y ago
Lots of them have a presence in Ireland too.
- secfirstmd 5y ago
  Yeh and there's are crazy amount of hiring here at the moment. FB, Amazon, TikTok, Stripe, Google, Apple, Microsoft, Salesforces (amongst others) all hiring from Hundreds to a few thousand
  - Normille 5y ago
    Yes. Ireland seems to be pretty much basing its entire economy, at the moment, on attracting huge American megacorps to set up shop in Dublin. Rather than actually investing in producing anything themselves. It's a recipe for disaster. As will become apparent when some other equally strategically placed jurisdiction starts offering even more enticing tax-breaks and the megacorps up sticks and decamp there instead. Then the whole house of cards [and with it most of the Irish economy] will come tumbling down. What a pathetic pathetic country! [and I say that as a terminally embarrassed Irishman]
    - Silhouette 5y ago
      It's a recipe for disaster. As will become apparent when some other equally strategically placed jurisdiction starts offering even more enticing tax-breaks and the megacorps up sticks and decamp there instead. At the moment, if I were the Irish government, I think I'd be more concerned with the likelihood of genuine international collaboration on business taxes than any single rival nation setting up a more favourable tax regime. Even the Biden administration now seems to be acknowledging that this may be the way forward with the need for governments to make up unprecedented economic damage from the pandemic, and if the US moves that way, there is political cover and financial incentive for other governments in the developed world to move that way too.
- deleted 5y ago
  [deleted]
varjag 5y ago
FAANG branches in Europe are just like other bigcorps. Their pay rates are good but not outliers in any way.
- dx034 5y ago
  Because in the Bay Area they also pay standard rates. Stock comp has been very supportive over the past years but base salary mostly reflects high living costs. Developers in Europe are still paid well compared to median income. The 80-90k€ that were mentioned in another comment here are an excellent salary in Germany. And if you're in the top 10% of your country, it doesn't matter how big that number is unless you want to take your savings to move somewhere else in the future. For many people staying close to the place they grew up and their family is important. If you get a well-paid job there it can be more attractive than moving halfway around the world for more money.
  - varjag 5y ago
    No, with FAAG in Bay Area you can easily have 2x-3x the median national rate for developers. And there are numerous places in Germany and Northern Europe where an experienced developer can command €80-90k. Consider that a senior position at Amazon Berlin wich lists €80-100K range would be more towards €300k in Bay Area.
    - dx034 5y ago
      > No, with FAAG in Bay Area you can easily have 2x-3x the median national rate for developers. That's not what I wrote. I said they pay as well as others in the area. Yes, not everyone pays exactly like Google or Amazon, but other tech jobs in the Bay Area are also far above national median for developers. FAANG pays well but they still pay in relation to the area, they don't just give away $300k paychecks to people anywhere in the world. And the rest also just confirms what I mean, 80k in Germany are a great salary. Many people won't gain much moving to the Bay Area to get $250k (if they can). The standard of living won't be that much higher than with 80k in Berlin.
kristianc 5y ago
Google has a Dublin office too, as do many others.
- croes 5y ago
  I guess for privacy related issues.
  - kristianc 5y ago
    At least in part for tax related reasons. https://www.google.com/amp/s/www.cnbc.com/amp/2020/11/03/ireland-stands-by-its-corporate-tax-rate-as-oecd-races-for-reforms-.html https://www.google.com/amp/s/www.cnbc.com/amp/2020/11/03/ire...
  - zoomablemind 5y ago
    Taxation wise too [1]. [1]: https://www.irishtimes.com/business/apple-s-cash-mountain-how-it-avoids-tax-and-the-irish-link-1.3281734?mode=amp https://www.irishtimes.com/business/apple-s-cash-mountain-ho...
- dx034 5y ago
  But they pay Irish salaries there, not Bay Area salaries. Which is fine, FAANG developers in Ireland are still doing well. And not everyone wants to live in the bay area, just like not everyone wants to live in Ireland, Germany or any other place.
sofixa 5y ago
> For example if you want to work for Google in Europe it's either UK or Switzerland, which are interestingly the two developed european countries outside of the EU Or Ireland, or France, or Belgium.

by luch 5y ago

knolan 5y ago

Lots of them have a presence in Ireland too.

secfirstmd 5y ago
Yeh and there's are crazy amount of hiring here at the moment. FB, Amazon, TikTok, Stripe, Google, Apple, Microsoft, Salesforces (amongst others) all hiring from Hundreds to a few thousand
- Normille 5y ago
  Yes. Ireland seems to be pretty much basing its entire economy, at the moment, on attracting huge American megacorps to set up shop in Dublin. Rather than actually investing in producing anything themselves. It's a recipe for disaster. As will become apparent when some other equally strategically placed jurisdiction starts offering even more enticing tax-breaks and the megacorps up sticks and decamp there instead. Then the whole house of cards [and with it most of the Irish economy] will come tumbling down. What a pathetic pathetic country! [and I say that as a terminally embarrassed Irishman]
  - Silhouette 5y ago
    It's a recipe for disaster. As will become apparent when some other equally strategically placed jurisdiction starts offering even more enticing tax-breaks and the megacorps up sticks and decamp there instead. At the moment, if I were the Irish government, I think I'd be more concerned with the likelihood of genuine international collaboration on business taxes than any single rival nation setting up a more favourable tax regime. Even the Biden administration now seems to be acknowledging that this may be the way forward with the need for governments to make up unprecedented economic damage from the pandemic, and if the US moves that way, there is political cover and financial incentive for other governments in the developed world to move that way too.
deleted 5y ago
[deleted]

varjag 5y ago

FAANG branches in Europe are just like other bigcorps. Their pay rates are good but not outliers in any way.

dx034 5y ago
Because in the Bay Area they also pay standard rates. Stock comp has been very supportive over the past years but base salary mostly reflects high living costs. Developers in Europe are still paid well compared to median income. The 80-90k€ that were mentioned in another comment here are an excellent salary in Germany. And if you're in the top 10% of your country, it doesn't matter how big that number is unless you want to take your savings to move somewhere else in the future. For many people staying close to the place they grew up and their family is important. If you get a well-paid job there it can be more attractive than moving halfway around the world for more money.
- varjag 5y ago
  No, with FAAG in Bay Area you can easily have 2x-3x the median national rate for developers. And there are numerous places in Germany and Northern Europe where an experienced developer can command €80-90k. Consider that a senior position at Amazon Berlin wich lists €80-100K range would be more towards €300k in Bay Area.
  - dx034 5y ago
    > No, with FAAG in Bay Area you can easily have 2x-3x the median national rate for developers. That's not what I wrote. I said they pay as well as others in the area. Yes, not everyone pays exactly like Google or Amazon, but other tech jobs in the Bay Area are also far above national median for developers. FAANG pays well but they still pay in relation to the area, they don't just give away $300k paychecks to people anywhere in the world. And the rest also just confirms what I mean, 80k in Germany are a great salary. Many people won't gain much moving to the Bay Area to get $250k (if they can). The standard of living won't be that much higher than with 80k in Berlin.

kristianc 5y ago

Google has a Dublin office too, as do many others.

croes 5y ago
I guess for privacy related issues.
- kristianc 5y ago
  At least in part for tax related reasons. https://www.google.com/amp/s/www.cnbc.com/amp/2020/11/03/ireland-stands-by-its-corporate-tax-rate-as-oecd-races-for-reforms-.html https://www.google.com/amp/s/www.cnbc.com/amp/2020/11/03/ire...
- zoomablemind 5y ago
  Taxation wise too [1]. [1]: https://www.irishtimes.com/business/apple-s-cash-mountain-how-it-avoids-tax-and-the-irish-link-1.3281734?mode=amp https://www.irishtimes.com/business/apple-s-cash-mountain-ho...
dx034 5y ago
But they pay Irish salaries there, not Bay Area salaries. Which is fine, FAANG developers in Ireland are still doing well. And not everyone wants to live in the bay area, just like not everyone wants to live in Ireland, Germany or any other place.

sofixa 5y ago

> For example if you want to work for Google in Europe it's either UK or Switzerland, which are interestingly the two developed european countries outside of the EU Or Ireland, or France, or Belgium.