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Top related persons:
Zuhayeer Musa - 2 Meta - 1 — - 1 Devi Parikh - 1 she'd - 1 Erik Meijer - 1 Meijer - 1 Abhishek Das - 1
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OpenAI Silicon Valley PPUs khays
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Big Tech - 2 Meta - 2 Elon - 1 Service - 1 Research - 1 FAIR - 1 Wall Street Journal - 1 Street - 1

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4 mentions found


☆ Meta loses top AI figures as Silicon Valley's talent battle continues
  + stars: | 2024-04-05 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
The departures come as Big Tech firms battle for top AI talent with chunky pay packages. Elon Musk this week dubbed Silicon Valley's talent war as the "craziest" he's ever seen. AdvertisementMeta has lost three top AI employees within a week amid Silicon Valley's ongoing battle for talent. "The talent war for AI is the craziest talent war I've ever seen!" AdvertisementPrior to that, the cofounder of Meta's AI lab, Rob Fergus, jumped ship in 2020 to join Google's DeepMind.
Persons: Meta, —, Devi Parikh, she'd, Erik Meijer, Meijer, Abhishek Das, Mark Zuckerberg, He's, Google's DeepMind, Meta's, Zuhayeer Musa, Elon Musk, Rob Fergus, Google's Organizations: Big Tech, Elon, Service, Meta, Research, FAIR, Wall Street Journal, Street, Business Locations: OpenAI
☆ OpenAI is reinventing tech compensation with flat salaries, no bonuses and no negotiation as it banks on untapped potential
  + stars: | 2023-06-29 | by ( Kali Hays | ) www.businessinsider.com   time to read: +4 min
OpenAI's buzz has a lot of tech workers eager to join the generative AI company. "Other than them I can't think of any other prominent company adopting this model at this scale," Musa said. Signing bonuses are very rare; there is no target performance bonus; and there is also little to no room for negotiation on compensation, Musa and another person familiar with the company said. All of those things are standard with other tech companies, from startups to Big Tech firms like Meta, Google, and Microsoft. Over the course of four years, the vesting period for the PPU grants, most OpenAI workers can expect to take home at least $2 million in equity pay alone.
Persons: Sam Altman, OpenAI, Zuhayeer Musa, Musa, Altman, Kali Hays Organizations: Big Tech, Meta, Google, Microsoft, Elon Musk's SpaceX, Twitter Locations: Silicon Valley, PPUs, khays
☆ The tech meltdown comes for Gen Z
  + stars: | 2023-02-14 | by ( Aki Ito | ) www.businessinsider.com   time to read: +7 min
The tech industry was teetering, and she wondered whether the future she had banked on would survive. On Handshake, a leading jobs board for college students, entry-level software positions in the tech industry slumped 14% last year. "I'm finding that students are pivoting to organizations that have IT functions but are not in the tech industry," says Laura Garcia, director of career education at Georgia Tech. Given the seismic downturn in tech, some students are rethinking their dreams of working for the Amazons and Googles and Metas of the world. Suddenly, in the eyes of Gen Z, tech seems to be just as ruthless and unreliable of an employer as banking did to millennials who came of age in the Great Recession.
☆ Pay in tech is dropping fast as firms like Microsoft, Snap and more use layoffs and a looming recession to wrest power from workers
  + stars: | 2023-01-20 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
Pay is getting lower, stock grants smaller and offers, if they come at all, are take it or leave it. In November, Snap employees heard some frank talk from CEO Evan Spiegel on his plans for compensation after enacting a mass layoff a couple of months before. "In general, we've noticed a decrease in pay across the entire tech industry," said Zuhayeer Musa, founder of Levels.fyi, a platform that collects data on tech compensation. Aalap Shah, a managing director at Pearl Meyer who advises tech companies, said he's been expecting such a retreat on pay. An estimated 200,000 tech employees have been laid off since last year, according to Layoffs.fyi, which compiles data on hiring in tech and is not part of Levels.fyi.
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