From the man on the street's perspective (and apparently teirc's view above), FAANG work is where you want to go, and what you want to have on your resume. Per the quote, "a golden ticket". Pretty much all the news talks about.
However, if you talk to the rest of the tech community, they're like: "We tried poaching a few of them. We didn't really like the results. You work at one of those places and you get infected with something that's 'not startup'".
This seems a lot like Stanley and Neck's recent work [1]. The people you've historically been most likely to get as hires are the people most likely to ditch FAANG's for anything shinier. The people who don't "only care about promo", don't actually leave.
Other note, also similar to other recent posts [2] and comments about the change in Google. Like people finally realized: "wait...they're just like MS. All that 'Don't be evil' stuff was just corp-speak. Two decades later, and its strategy deja-vu with Android / Search / Ads. With MS now being the caring innovator who values your freedom of choice."
[1] https://www.sciencedirect.com/science/article/abs/pii/S00221...
they most certainly do not, but might be a slightly lesser evil in some ways
Yet, its not whether they 'actually' care. Just the noises they're making.
Google looks inept and malicious. MS wants health care money, cause its the next big market as everybody dies. "We care, cloud health innovation. All MS innovation is powered with empathy.[1] Nano, cyber, quantum, big data ... technobabble Tourette's, How the F** do we get defense contracts?"
[1] https://news.microsoft.com/source/features/innovation/empath...
I've spoken with recruiting firms before that literally told me companies asked them to stop sending people who were hired as a newgrad to FAANG.
I started using booking.com first because of how bad that website was working and I had the latest MacBook.