Remote work will shrink big company perks, making startup hiring easier - Business Insider

The shift to remote work will make it harder for big tech companies to recruit top talent.

CEO Mark Zuckerberg believes that the move will bolster the company's hiring efforts, saying on Thursday it "open[s] up a lot of new talent that previously wouldn't have considered moving to a big city." But the era of ridiculous employee perks may be coming to a close. Along with Facebook, high-profile tech firms including Twitter, Square, Coinbase, and Box are all announcing expansive new remote-work policies for their workforces, and others seem sure to follow.

Suddenly, working at Facebook, or Google, or Apple, isn't that materially different to working anywhere else. Instead, more than ever, what will distinguish companies is the nature of theThis could be bad news for big companies like Facebook and Google, that have been able to net thousands of brilliant minds to tackle advertising efficiency problems that might never normally interest them with the promise of a decadent corporate lifestyle.

Really shallow analysis. Ping pong tables as comp is a trope of the mid 00s, FB/GOOG real strategy is to pay 90+ pctl on salary and benefits in a local market; this means they’re a new threat that will make it harder for regional companies to retain talent

Really shallow analysis. Ping pong tables as perks are a trope of the mid 00s, FB/GOOG strategy is to pay 95th pctl on salary and benefits in local markets; this means they’re a new threat that will make it harder for smaller companies to attract top talent

I respectfully disagree! FAANG companies have seen work productivity go up. Talented engineers impacted (AirBnB, Uber to name a few) will eventually be absorbed by FAANG. Cost savings from rent cuts can be used in operational expenditures, better pay to attract top talent.

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