Big Tech Companies Pounce as the Allure of Startups Fades
In a shift from a year ago, workers are flocking to larger and older tech companies.
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When he started thinking about leaving Apple Inc. this year, Darren Haas briefly contemplated Uber Technologies Inc., where many friends worked. Instead, the cloud-computing engineer pursued an opportunity he considered more exciting: General Electric Co.
Excitement and a century-old industrial company don’t usually mix in the minds of Silicon Valley talent. But Haas said hardcore challenges at GE, like keeping planes airborne and nations’ water systems flowing, sold him. Now, he pitches potential hires from late-stage startups on those same big projects, along with competitive compensation.