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What went wrong is that people learned how much NVIDIA pays, figured out they were significantly underpayed, Arm is not a very profitable business so couldn't c
by ggreg84 5y ago
What went wrong is that people learned how much NVIDIA pays, figured out they were significantly underpayed, Arm is not a very profitable business so couldn't compete, and the moment it started looking like the NVIDIA deal was not going to fly, top talent started jumping ship.
- pyb 5y agoIt may well be that ARM could pay better if they wanted to. But the culture in Cambridge, and the UK, has been to pay engineers pretty poorly. So perhaps they don't yet understand that they need to. Also, salary inversion within the company would be a huge problem.
- PaulKeeble 5y agoThe UK seriously underpays software engineers, if US companies want to tap into the talent pool its relatively easy to do so especially with remote work. The UK has a serious lack of management talent and a trickle up economy that is damaging everything and the economic situation is not great. Its primed for a big brain drain.
- bencollier49 5y agoCan you elaborate on the Trickle-up Economy point. What do you mean by that? Why is it damaging?
- ChuckNorris89 5y ago>The UK seriously underpays software engineers You mean Europe. UK actually pays talent quite decent in comparison that's why many talents still flock to London from the mainland despite Brexit.
- blaser-waffle 5y agoBut that's just London. The rest of the UK... hit or miss. Haven't deal with UK / EU a lot since COVID, so not sure if remote has changed that game up.
- phendrenad2 5y agoIt's also easier to attract talent from London to SV than it is to attract talent from SV to London.
- gifnamething 5y agoArm is about 90 minutes away from London
- pertymcpert 5y agoNot even that. A 10 minute taxi to the station and a ~50 min train to KGX.
- hiptobecubic 5y agoOn a typical day, SV is farther than that from SF.