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Remember when Facebook started aggressively poaching Google employees and Google responded publicly by giving every engineer a substantial raise and privately i
by patio11 13y ago
Remember when Facebook started aggressively poaching Google employees and Google responded publicly by giving every engineer a substantial raise and privately in ways substantially more expensive than that? And Facebook pretty much just laughed and matched offers? And every engineer in the Valley figured out simultaneously that $100k was a floor not a ceiling?
That strikes me as persuasive anecdotal evidence of what happens when a tech titan feels threatened by poaching that they cannot resolve by a gentlemen's agreement.
My recollection for the timing of those opening salvoes in the talent war was mid-2010. This would have been right after the DoJ told the cartel to knock it off.
I'll acknowledge off the top that that may be purely a coincidence.
- judk 13y agoThey didn't give substantial raises, they moved comp from variable bonus to base salary (instead $X being the minimum bonus, $Y < $X was the minimum bonus and base was raised.
- deleted 13y ago[deleted]
- umeshunni 13y agoThere was also an across-the-board base pay increase in addition to that.
- boobsbr 13y agoI'm in Brazil and can only dream of BRL 100k/y, which is about USD 41k/y.