Meta is bolstering perks like happy hours and company swag as it pushes staff to return to office, despite its ‘year of efficiency’::The company has revived a number of employee perks, according to Bloomberg, including branded t-shirts, laundry services, and free haircuts.
As someone at a FAANG company, there is one “perk” that these companies offer that few others can match, and that’s freedom of movement. There are few companies where you can join in NYC, work a year, then move fully to London, Berlin, Sydney, Singapore, etc - all sponsored and paid for by the employer. Not only that, but where the employer will pay to find permanent residency and citizenship.
IMO, these are the true perks of the tech industry, and a reason why so many young people are ditching FAANG companies lately, as they start to cut back on allowing people to move teams internationally.
My org at Amazon was polled on retention, and over 50% of the team wanted to move teams after the layoffs. Amazon no longer sponsor international visas, and lots of people wanting to move to North America or Europe are jumping to other companies that will allow them to do so.
Funny enough, for the cost of some of the stupid events that my work have put on for RTO, they could have funded several visas and moves for candidates that wanted to try a new team. Hell, some literally cannot go to their current office, and would love to move somewhere where they could - but no, gotta keep those retention figures low to help the bottom line…
MAAANG