On: Arm to drop up to 15 percent of staff, about 1k pe...

[ggreg84]

What went wrong is that people learned how much NVIDIA pays, figured out they were significantly underpayed, Arm is not a very profitable business so couldn't compete, and the moment it started looking like the NVIDIA deal was not going to fly, top talent started jumping ship.

[pyb → ggreg84]

It may well be that ARM could pay better if they wanted to. But the culture in Cambridge, and the UK, has been to pay engineers pretty poorly. So perhaps they don't yet understand that they need to. Also, salary inversion within the company would be a huge problem.

[PaulKeeble → pyb]

The UK seriously underpays software engineers, if US companies want to tap into the talent pool its relatively easy to do so especially with remote work. The UK has a serious lack of management talent and a trickle up economy that is damaging everything and the economic situation is not great. Its primed for a big brain drain.

[ChuckNorris89 → PaulKeeble]

>The UK seriously underpays software engineers

You mean Europe. UK actually pays talent quite decent in comparison that's why many talents still flock to London from the mainland despite Brexit.

[blaser-waffle → ChuckNorris89]

But that's just London.

The rest of the UK... hit or miss.

Haven't deal with UK / EU a lot since COVID, so not sure if remote has changed that game up.

[bencollier49 → PaulKeeble]

Can you elaborate on the Trickle-up Economy point. What do you mean by that? Why is it damaging?

[phendrenad2 → pyb]

It's also easier to attract talent from London to SV than it is to attract talent from SV to London.

[gifnamething → phendrenad2]

Arm is about 90 minutes away from London

[pertymcpert → gifnamething]

Not even that. A 10 minute taxi to the station and a ~50 min train to KGX.

[hiptobecubic → gifnamething]

On a typical day, SV is farther than that from SF.