The Big Tech Brain Drain

For the longest time, FAANG has been the dream destination for the smartest engineers in the world. FAANG companies not only pay insanely lucrative salaries but they often boast the most interesting and cutting-edge projects. But, more recently, as FAANG approaches market saturation and increasingly cements itself as big tech, salaries are going down and the novelty of their projects is also going down. Apple engineers are no longer creating the next big iPhone, they’re simply refining the current iPhone. Google engineers are no longer creating the next disruptive internet service, they’re simply maintaining are already massive internet services. As such, we’re seeing the smartest engineers leaving in droves to start their own companies and join smaller companies where they have far more scope. In the meantime, these big tech companies are being filled up with employees who are much more interested in the paycheck than the company. This video explains the final evolution of big tech and why the smartest engineers are ditching FAANG in droves.

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Timestamps:
0:00 - Brain Drain
1:59 - The Great Migration
5:55 - The Opportunists
9:53 - The Repercussions

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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