[bb88]

But is this actually a problem for a company? I think most companies can only afford second rate talent with the top tier talent going to FAANG companies anyway.

What most companies are really looking for is undervalued high performers. And there's probably a lot of those still that haven't moved to the bay area.

I think MBA's these days have decided that they'll hold labor costs low by not rewarding high performers, and then hire whoever they can to fit their budget, but then have a yearly 5% layoff to hold their employee's feet to the fire.

And then those same MBA's get a bonus for keeping costs low, meanwhile enjoying their beach houses on the weekends.

Granted it sucks to be an individual contributor, but if you're a manager, you have incentives for cutting costs to the bone.

[aleph_minus_one]

> What most companies are really looking for is undervalued high performers.

I'm not sure about that, since very smart people often tend to be, well, "a little bit difficult to handle", in particular by bosses who got to their position by office politics instead of merits (as many do).

If companies were really looking for high performers, they'd create an environment where high performers can really flourish. Because in my observation there exist quite a lot of high performers who are "held down" by their current work environment, this would attract quite some potential high performers, including undervalued ones.