Of course, perhaps they will also cut future funding to this incubator, and it's just a different timing that they announce it.
Of course, perhaps they will also cut future funding to this incubator, and it's just a different timing that they announce it.
Mozilla’s layoffs were to get rid of the highly paid engineers, IMO. We have new talent coming in fresh and loose for a bunch less.
We also have a lot of cash in the bank. Mozilla is wealthy. CFO was asked to increase runway.
I agree that the pay in The Netherlands is pretty bad for software devs compared to other countries with similar wealth (UK, Germany, US, etc), but I know that it’s much worse in e.g. Eastern European countries, which I also expect Mozilla to hire from.
There are a couple other factors - one extra factor is this is just for entry-level employees, another extra factor is that Mozilla probably doesn't pay quite as well as Google. I am not sure how large those factors are, but it's just an estimate and they work against each other, so I think the range is a reasonable guess. I would be surprised if it's very far off.
At most it's just brain drain from around the world (and around the U.S.) due to capital concentration NOT talent concentration.
There's this belief that anybody who isn't willing to move to high COL metro couldn't cut it there because having a worldview outside of living in SF or similar isn't something that can be fathomed.
Brain drain implies relative talent concentration - are you sure this is what you mean to say?
Look - I hate SV and don't live there. The reality is unavoidable: for software, the best talent lives in the Bay. It's not that deep.
I'll go with the world.
Microsoft has brilliant engineers and is in Seattle, for example.
What about Tencent? and things like HK's HFT
What about competitive security? here's huge variety in countries e.g 2 very strong teams are Poland based
Let's take three others that make well-known desktop browsers: https://www.levels.fyi/?compare=Apple,Google,Microsoft&track...
According to that data, senior developers at Apple (ICT4), Google (L5) and Microsoft (64) make on average $320k, $352k, and $225k. Their fully-loaded costs (benefits, payroll taxes, office space, etc) to the company will of course be even higher.
These are examples of peer companies Mozilla is competing against for employees. As I explained at https://news.ycombinator.com/item?id=24138083 , Mozilla does not try to attract people solely via compensation. However, you can only offer so much less before you're no longer able to hire and retain the talent you need.