Are Employees leaving Tech Giants to work for Startups?

The workers are considering the opportunities they should look up to.

There has been a noticeable shift in the jobs from tech giants to the smaller ones, not only in India but across the world.

Over the years we have seen and experienced that getting into a bigger organization was somewhat a big achievement for many techies.  But owing to the pandemic we see a change. In the work-from-home era, it not only depends on where the tech workers want to live and how much money they can earn but also what kinds of opportunities they are willing to consider.

This new culture is very evident nowadays, as cited by Livemint. All this while, Deepinder Singh, Founder of Bloomington, 75F, Minnesota based startup, had never recruited anyone from the Silicon Valley, San Francisco. Reason being they were either too expensive or they didn’t want to move. His seven years old company never got an applicant who previously worked at a high-rise tech companies.

But his company just hired a tech engineer from Sonos Inc, after having received a dozen job applications from Facebook Inc., Twitter Inc. and others.

Mr. Singh, the 75F founder, believes that employees from Silicon Valley startups tend to have a broad set of skills. He said they don’t generally need as much management and can be game to work crazy hours to launch a product. “I don’t even know what kind of salaries they (applicants from Facebook and Twitter) are going to be paid or are thinking of,” he added.

Not only 75F, but companies like Jane LLC in Lehi, Utah; World View Enterprises Inc. in Tucson, Arizoana; Starkey Hearing Technologies in Eden Prairie, Minnesota, and Zebra in Austin, Texas, have said that they are seeing an increase in applicants from San Francisco and, in some cases, New York.

“If a startup can go to a venture-capital firm and say it recruited multiple engineers from top-tier Silicon Valley companies, it is more likely to get funding,” says Ross DeVol, an Economist who runs Heartland Forward, a non-profit focused on economic renewal.

Although the techies are willing to take a chance on less-established employers, Mr. DeVol points to employees’ increased interest in mission-driven companies and the belief that they can have a bigger impact in less densely populated regions.

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