Report: A Large Number of Engineers Wish To Leave Google in 2015
2015 is not looking good for Google, according to an ex-Googler and Beeswax CEO Ari Paparo. On Thursday, Paparo took to Twitter and revealed the news regarding the departure of numerous engineers from Google.
According to Paparo, “tons of engineers looking to leave the goog after bonuses.” I like to presume that ‘goog’ is actually ‘Google’. The tweet was originally in reply to a question by Hunter Walk, who is a venture capitalist and have worked for the company before.
Walk said that for his company, there is a “seasonal January increase in BigCo people looking to leave their jobs.” He also believes that engineers won’t be leaving it for at least another month when the bonuses are paid.
Presumably, the company will have to face a poaching season after that and other companies will be able to hire ex-Google employees. While tech giants like Apple and Google might have a “non-poaching agreement,” it seems that they can’t stop their employees from joining start-ups.
Another renowned venture capitalist shared his opinion on the matter by saying that engineers will leave Google in huge numbers in 2015, but only if the company fails to raise its stock prices.
Google’s current share price is $508, but at the same time last year, it was $517. Employees are often paid in stocks as well as cash in Silicon Valley. A drop in share price means that Google will pay its employees less money this year, compared to 2014 which could prove to be a huge problem for Google if they don’t take steps to maintain stability in the stock market.
One of the best ways to make profit out of the Internet is search advertising, but Google’s problem seems to be the rising market of mobile platforms. Users tend to use less web on mobile platforms compared to desktop computers.
Another issue comes from Amazon; users are searching for products they to wish purchase on Amazon instead of Google. Ads are shown on Google but customers are more likely to go directly to Amazon rather than typing the name of the product first in Google search.
The company needs to develop a strategy to handle these issues before they get completely out of hand. Only time will tell if Google makes a comeback in the stock market this year or not.