The Big Tech Brain Drain

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

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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