dunpeal

34 ms·

121.
by dunpeal 8y ago
The vast majority of employees who "moved" to the new Menlo Park office were old Facebook employees who worked for them in Palo Alto right before the move. Facebook now has an NYC office too. My uneducated guess is that their cand
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by dunpeal 8y ago
It's a simple quantitative question: How many candidates are already in or willing to relocate to NYC versus Houston. That's all Amazon really cares about: the absolute numbers. They're looking to hire tens of thousands of e
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by dunpeal 8y ago
1. ExxonMobil was established in Houston many decades ago, back when it was a crucial area for an oil company. It's not going to relocate a huge campus even if it did calculate that it can help recruitment somewhat. Amazon on the other
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by dunpeal 8y ago
50x? FAANGs pay well, but you are wayyy off.
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by dunpeal 8y ago
But nowhere near as good as a decent city like LA.
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by dunpeal 8y ago
Then it makes sense. For engineers with families, a quiet little town where you can buy a house and the crime is low sounds pretty good. As a young, single engineer, I won't move there no matter how much they pay me.
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by dunpeal 8y ago
> If Apple’s HQ were Albuquerque or El Paso, you’d have talent moving to those places. For startups, obviously proximity to Silicon Valley, Austin or NYC is very advantageous because nobody wants to move across the country for a low per
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by dunpeal 8y ago
It's not even an entire office, just a small project representing a few hundred jobs at most.
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by dunpeal 8y ago
How's the dating scene, if you don't mind my asking?
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by dunpeal 8y ago
Oh, totally. Every young engineer's dream is to live in Poughkeepsie!
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by dunpeal 8y ago
> How does Exxon attract talent to Houston? How about FedEx attracting talent to Memphis? Two big differences: 1. The talent crunch for Exxon and FedEx isn't nearly as bad as the crunch for engineering talent that Amazon is facing
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by dunpeal 8y ago
If you want to live in a city, don't go anywhere in SF Bay would be my advice. SF is not a normal city anymore. Oakland isn't much of a city. I'd focus elsewhere.
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by dunpeal 8y ago
It doesn't hurt that there's a lot of government work being done in the area, especially in defense, at a time Amazon is becoming a major contractor for the US government.
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by dunpeal 8y ago
Indeed. Many people will say dropping a huge Amazon campus in Queens will adversely effect the character of the city, and exacerbate many of its issues. I don't necessarily disagree with them, and if it was up to me, I'd rather Am
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by dunpeal 8y ago
People mentioned multiple big offices being opened in various locations, none of them in SV. I completely agree that SV isn't a very attractive place nowadays, especially not for young talent.
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by dunpeal 8y ago
More expensive than LA? Where exactly in LA? I'd suspect the parts of LA you'd like to live in - Santa Monica, for example - are far more expensive than the livable parts of San Diego.
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by dunpeal 8y ago
San Jose is among the most affordable urban locations in California. Tech talent doesn't want to live in the sticks. Especially young tech talent. I understand them because I am one of them. What good is a nice compensation package if
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by dunpeal 8y ago
Not my area of expertise, but I would guess all companies with multiple offices do this all the time.
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by dunpeal 8y ago
Where are you getting the 10K number? 50K will be split evenly between the two HQs. That's 25K per HQ.
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by dunpeal 8y ago
Oh, I completely agree that there are many, many worse places to work than Amazon. I realize I am very fortunate to be able to decline such a job and be able to find good offers at a place of my choosing.
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by dunpeal 8y ago
Maybe I'm thinking about this from the perspective of a young, single guy. I would not move to Crystal City for any job, definitely not with a horde of other young, single men. The number of young, college-graduate women there must be
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by dunpeal 8y ago
The whole "HQ2" festival was dubious from the start, especially in light of this announcement. Other similar companies - e.g. practically all FAANGS - just have one large HQ, and several smaller offices in various locations to tap
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by dunpeal 8y ago
This makes the most sense by far. It gives them more negotiating power, and a lot more flexibility.
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by dunpeal 8y ago
Unimaginable that Amazon doesn't already do everything it absolutely can to reduce its engineering payroll, which is probably its biggest expense. Without knowing anything about them, one would assume they're already tapping globa
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by dunpeal 8y ago
This is an internal Amazon decision that is not regulated in any way. They are not obliged to any notion of "fairness". Amazon just put some cities on a list and negotiated with them. Any city not on the list is not there because
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by dunpeal 8y ago
> They are "totally liquid" after 6 months which isn't totally liquid. That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation. Your other claims are untrue as we
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by dunpeal 8y ago
There's a good chance that after a very long bull market, we are entering a bear market in which stock price will stay flight or even slowly decline for a long time. P/E ratios are too high, particularly for tech stocks, and the e
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by dunpeal 8y ago
Sure, I totally agree with that. My comment was just to the effect that GP's comment implies that belief, i.e. that their employer's current stock price is undervalued (like how AMZN is currently trading for $1.5k but is actually
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by dunpeal 8y ago
That's a good comment. The best case scenario for tech employees is that this is just a temporary correction, and the bull market will resume after this short break. This seems to be the implicit assumption in GP, for example. However,
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by dunpeal 8y ago
I realize the declines likely don't impact living budgets, for the reasons you stated. However, I am wondering about issues like morale, and especially recruiting and retention. As you know, competition for talent is quite intense righ

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