Meta is recruiting Microsoft and Apple employees to build its metaverse. The Silicon Valley giant does not hesitate to offer very attractive salaries to steal the talents of the competition. To counter the exodus of engineers, Apple has started offering attractive bonuses to its employees.
Meta (ex-Facebook) hires Microsoft employees to build its metaverse
According to information from the Wall Street Journal, hundreds of Microsoft and Apple employees have left their jobs to join Meta in recent months. More than 40 employees from Microsoft’s Hololens division, which specializes in virtual and augmented reality, have joined Meta in the last year.The American media supports its claims on the in-depth study of Linkedin profiles of employees in Silicon Valley.
Among the employees who joined Meta, there are long-time executives or managers. To convince some of the already generously paid employees to leave their jobs, Meta did not hesitate to double their salaries. The company’s generous offers have caused the industry’s salary valuation to rise, notes the Wall Street Journal.
In late 2021, Facebook Group, renamed Meta in the wake of the announcement, had shown off its metaverse ambitions at a lengthy online conference. Mark Zuckerberg, CEO and creator of the social network, even pledged to create 10,000 “highly skilled” jobs in Europe as part of the creation of its metaverse. In short, the social network, which has more than 2 billion active users, will not skimp on the means to complete its project.
Apple against the exodus of its employees
Determined to stem the exodus of its employees to Meta, Apple has put in place an emergency policy designed to retain its talent. According to Bloomberg, Apple is offering “unusual and large stock bonuses to some engineers” to discourage them from quitting. These bonuses range from $50,000 to $180,000 depending on the profile. The shares vest after 4 years of loyalty to the company and are presented as rewards.
“Meta has hired about 100 engineers from Apple in recent months,” Bloomberg posits.
At the same time, many employees of Apple, Google, Amazon or Microsoft are giving up their jobs to join companies in the cryptocurrency sector. According to a New York Times investigation published in late 2021, a “wave of executives and engineers” have left well-paying jobs to try their luck in the world of digital assets. Mirroring Jack Dorsey, the former CEO of Twitter, they are looking to build Web 3.0.