Posted on 08/19/2015 5:03:11 AM PDT by SeekAndFind
For the last year, Google’s work force has increasingly been under attack from a herd of unicorns.
The unicorns, a class of hot start-ups valued at $1 billion or more, are all aggressively pursuing the best and brightest minds in Silicon Valley with promises of talked-about workplaces and eye-popping payouts. Amid a general scramble for talent, Google, the Internet search company, has undergone specific raids from unicorns for engineers who specialize in crucial technologies like mapping.
In particular, Uber — the largest unicorn, with a valuation of more than $50 billion — has plundered Google’s mapping unit over the last 12 months, aiming to bolster its own map research. Airbnb, the popular short-term rental start-up, has gone on a more general hiring spree, poaching more than 100 workers.
The recruiting is not confined to the best engineers; sometimes it spills over to nontechnical employees too. Two of the chefs who prepared meals for Googlers, Alvin San and Rafael Monfort, have been hired away by Uber and Airbnb in the last 18 months.
“It’s an employee’s market right now,” said Rodrigo Ipince, 28, a software engineer who recently left Google and was pursued by unicorns, but chose to join a mobile gaming video start-up, Kamcord. Mr. Ipince, who worked at Google for five years, said he received at least one to two emails from recruiters daily, asking if he was eager for a new job.
“It was fairly easy to get my foot in the door of whatever company I want,” he added.
Recruiting battles are a perennial tale in Silicon Valley, where technology companies wage war on one another for top prospects by doling out six-figure salaries and generous stock packages as if they were Halloween candy. The difference now is the scale of the talent clashes,
(Excerpt) Read more at nytimes.com ...
Oh no! Market economics!! Scary!
Perhaps they should call them narwhals, since California is so close to the pacific.
CC
This has been the way for a while. Silicon Valley means breaking out, getting hired by a startup, and hoping the startup goes big. Maybe Google should take it as an opportunity to find the potential of their other employees or hire more young minds.
In particular, Uber — the largest unicorn, with a valuation of more than $50 billion —
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Wow. That’s a huge valuation.
Recruiting battles are a perennial tale in Silicon Valley, where technology companies wage war on one another for top prospects by doling out six-figure salaries and generous stock packages as if they were Halloween candy.
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In Silicon Valley you can get a studio apartment with an income like that.
Good, maybe these nuts will stop doing the H-1B visa stuff and realize that their best talent is HERE already.
In your dreams. You might take home $65k of a $100k salary. Of that, you will spend $35k on a small apartment. Leaves you $2.5k per month to live on which doesn’t go very far especially if you want to sock away $1k per month in savings.
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