But anyone on the ground in Silicon Valley knows that a full-blown war for talent is under way, with checkbooks blazing. TechCrunch reported that Facebook is aggressively competing for Google employees. Oracle (ORCL) CEO Larry Ellison recently signed up Mark Hurd after the former Hewlett-Packard (HPQ) CEO settled on a severance package. In the meantime, both Facebook and Google have been buying early-stage startups as a means to stock up on critical engineering talent.
The struggle to bring in and keep talent has become even more pronounced with a number of big-ticket IPOs looming, the top three being Facebook, social-gaming giant Zynga and business social-networking titan LinkedIn. At this point, stock in those companies is almost viewed as currency, and option awards akin to slam dunks when compared to performance-related bonuses or other means of compensation.
Everybody Is Competing Against Everybody
Further, the ongoing shifts in the technology world have heightened the sense of competition between big players, with Apple, Facebook and Google all competing over mobile advertising, Google and Apple competing in smartphones, operating systems and browsers, Twitter, Facebook and Google are overlapping on mobile messaging and stream updates, and Microsoft-Yahoo is pushing the Bing search engine hard to take an extended run at Google.