Facebook To Open Engineering Office In NYC
techcrunch.com
techcrunch.com
Mostly, Facebook just copies Google's playbook, usually because so many of their managers came from Google. And a part of Google's playbook is that not every good developer wants to live and work in Silicon Valley, so you simply can't hire enough good developers if you only have one location. By the time a company has hired as many people as Facebook, they've failed to hire hundred of others who, for one reason or another, don't want to leave New York. Maybe their wife is in medical school or their husband is a quant on Wall Street. Maybe they like the arts, or nightlife, or walkability. Whatever it is, Silicon Valley is not for everyone and at the rate that Facebook (and ebay, and Google, and Twitter, and Microsoft) need to hire programmers, they have to consider a few out-of-town campuses.
chances are this will end up driving salaries up by 10-15%, and will end up hurting most of the startups here by making it infinitely harder to hire/retain talent
A smarter move for them would be to open an office in Boston, since then you'd be able to tap into all those grads from MIT
I'm not sure where you get that idea? I've had the exact opposite experience in NYC. I think the tech scene is very entrepreneurial... IMO, it's why you see lots of people gravitating towards places like GA.
Because the former actually makes a useful product?
> Finally, the finance skill set is not quite the same as what is needed at Facebook.
At least at the entry level, the hiring is for credentials not so much skill set. There is a decent number of math/cs majors who end up in finance (not even necessarily something like computational finance, just state up IB or trading) instead of engineering.
What area isn't?
>>most techies in this area aren't that entrepreneurial
There are enough - several of Facebook's most prominent product launches in the last year (new Groups, Timeline) have been led by PMs acq-hired from the NY-based startups they founded (drop.io, Hot Potato, Daytum).
More importantly, Facebook's not a startup anymore: joining hardly requires an "entrepreneurial" appetite for risk on the hire's part.
>>chances are this will end up driving salaries up by 10-15%
Facebook can afford to pay a premium for talent, and they've demonstrated a willingness to do so (see above). This is a problem for other companies, not Facebook - which makes it a good, strategic move on Facebook's part.
>a smarter move would be to open an office in Boston
Despite starting at Harvard, Facebook has much stronger ties to NYC - including an existing 100-person marketing office.
Is an entrepreneur really going to want to work at facebook? They're a huge established player. Is facebook even looking for that sort of employee?
i do agree that an office in Boston would make more sense for them.
You need to be a Facebook user to apply. I find it discriminatory: you discriminate against privacy concious people. I'll never get a Facebook account the way Facebook is right now. And I would like to fix this, but I can't; you won't let me.