zlacker

>>colone+(OP)
Is it wrong to be glad FB's reputation has tarnished (and stock price sideways) over the past year or so? For so long they've monopolized the talent pool in the Bay Area. If more people decide 1) they don't want to work at FB and 2) FB employees are itching to leave then I see any stain on FB's employment brand as a net positive to the greater tech + startup ecosystem.

>>dawhiz+N1
they havent monopolized talent, they pay for talent. Facebook paying high salaries has increased all of our pay, equity etc, whether you work there or not. The only thing this may be bad for is founders who are in a zero sum competition with FB for talent and now need to spend more money and equity to get it.

>>tmh79+r4
This is a very short-sighted view. Yes it has some immediate benefit in terms of pay, but you have to consider the long-term societal tradeoff of not developing addictive mental candy for people or developing societally useful technologies (or vice-versa, as it now stands). We can focussed on getting paid a lot now, or improving the wealth of everyone and generative the value we can all enjoy later.

>>chalka+J5
I agree with your premise, that many Facebook employeees would give society a better return on its investment if they were employed elsewhere, but that’s hardly Facebook’s fault.

>>acdang+H6
It's tempting to think that without Facebook they would get involved in cancer research or interplanetary travel, but given the Silicon Valley's funding cycles, they would be more likely to end up building yet another food delivery startup or revolutionizing something by putting it on blockchain.

Also, a bunch of recruiting venues exploited by Facebook are not that accessible to smaller startups.

E.g. one of the top previous employers for Facebook employees was Google (or some other outfit within Alphabet group, like YouTube). Most likely those people would've stayed at Google.

Another hiring source was university recruiting, which involves participating at job fairs at various universities, exhaustive days of back-to-back interviews, flying candidates for on-campus interviews, and eventually covering relocation costs (and potentially visas and immigration paperwork) for someone moving from Pittsburgh, Waterloo or Romania.

Would a smaller startup have the financial oomph to run a similar recruiting pipeline?