Google Offering Big Money to Stop Employee Exodus to Facebook
Google Offering Big Money to Stop Employee Exodus to Facebook
Posted 09/01/2010 at 2:02pm
| by Ryan Whitwam
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In recent months, Facebook has been working hard to recruit talent from Google. For example, Google lost Android Product Manager Erick Tseng to Facebook a few months back. Rumor has it the The Big G is now starting to take the situation seriously, and is making some serious counter-offers to keep employees from going to Facebook.
TechCrunch has spoken with one former Googler who was offered a substantial 15% raise, quadrupled stock benefits, and a $500,000 bonus (!) to stay for one year. This particular developer, and others, have still taken the Facebook deal for one simple reason. Facebook is expecting an IPO soon. They haven't been making it official, but sources claim that Facebook is telling prospective employees that their individual stock benefits could be worth $100 million in just a few years. Now that's walking around money.
How big is the problem for Google? According to LinkedIn, at least 118 Google engineers have left for Facebook so far. It's not likely to damage the Google brain-trust, but it's not a trend you want to see.
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I Jedi
September 01, 2010 at 7:36pm
ah, hell nah, brah. u mean i can has tshirts for under 20 bucks? thats gangsta
I Jedi
September 01, 2010 at 5:25pm
These engineers are pretty greedy, imo. I wouldn't whore myself out to the next company that paid me the next highest dollar, no. I would relish the opportunity to be a part of something great, like Android. I understand everyone wants to get filthy rich, but whatever happened to the ideal of pride in your work?
someone87
September 02, 2010 at 5:42am
Since when was trying to make more money (no matter what dollar amount) greed? Do you refuse raises or never desire to be rewarded for your hard work? Sometimes people are at a dead end job, or see more opportunity somewhere else. It's not that Google is trying to hold someone back, but Facebook might have more to offer. Or might make better use of their recourses.
Owning my own business, it's very important to me to secure contracts, get paid, and make money. Every year I consistently make more money as my business grows and more people are aware of my services. I work hard, to better my life, my families life, and those around me. (Yes we do give stuff away). I doesn't bother me to fire people who are not working out, or offer a lot of money to someone who I think will do a good job, and in return make me a lot of money.
Your an idiot, imo, if someone offers you half again as much, or twice as much as your making now, and you turn it down. Everyone I know, would be thrilled that someone recognised them as smart, and valuable enough to offer then more than the going rate.
I Jedi
September 02, 2010 at 12:02pm
First and foremost, I think you're the one who needs to have a checkup. Not everyone wants to go and work someplace else, just solely because they're offered more money to do so. There are people, who actually do happen to enjoy working on big projects, like Android, Windows, and other products. I would never work for Facebook because I don't see the pride in the work to do so. I would see more interest in working on Android. Just because you have the idealism that if you can make more money, you should, doesn't mean everyone else cares to adopt that same philosphy. Your the one who is delusional to think that the only thing that drives all people is solely based on money.
I liked your first paragraph, specfically,"Sometimes people are at a dead end job, or see more opportunity somewhere else. It's not that Google is trying to hold someone back, but Facebook might have more to offer. Or might make better use of their recourses." That was brilliant, whilst the rest of your other two paragraphs went into a ramble.
If someone sees more opportunity to work at Facebook or at another company, go right ahead, I say! Changing things up, when I first read this story, I got a little fired up because all I kept seeing were these huge sums of money people were being offered to stay with Google, and yet they were TURNING it down. So, please, before you call anyone a retard based on one statement or ideal, get to know them better first! I would hate to work for you, as you seem to be a person who passes judgement quickly on others. Oops, did I just make a judgement about you, solely based on one thing I know about you?
Peanut Fox
September 01, 2010 at 11:52pm
Oh that's easy. 100 million dollars happened *pinky to the lip*.
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