Teamable’s data sample shows attempts from private companies and VCs to recruit execs at Amazon, Facebook and Google at least doubled in October from April 2020. Private companies also target candidates with generous compensation packages, for early- to middle-level engineers, packages are 50% higher on average than at Facebook, Google and Amazon. Large tech companies over the years have adjusted their compensation as the battle for workers intensifies.
Startups Are Poaching FAANG Execs
Teamable's data reveals private companies and VCs doubled their efforts to recruit executives from Amazon, Facebook, and Google between April and October 2020. They entice candidates with 50% higher compensation packages than the large tech companies, as the battle for talent intensifies.