Meta (formerly Facebook) has made its position clear that it is on an all-out push towards developing the multiverse and related technology. With a company throwing most its resources in one area, other companies are facing the threat of losing employees to Meta. Even a giant like Microsoft.
According to the Wall Street Journal, Microsoft HoloLens and the augmented reality division has been steadily bleeding employees to Meta during 2021. It seems the company has already snapped up 100 Microsoft employees.
Of course, Microsoft too is heavily invested in augmented reality (AR) with HoloLens and Windows Mixed Reality. However, Meta has made it clear its whole focus is on the metaverse. For anyone in this field, the company formerly known as Facebook is obviously an enticing prospect.
There’s also the fact Meta is probably willing to pay a premium to get the best talent. WSJ claims that the company is doubling the salary of some employees. Although, Microsoft has responded to the story with the following information:
The company says it will continue to develop innovative AR technology and that losing employees (employee attrition) is a normal part of the tech landscape.
Spanning the Industry
Even so, Meta is clearly a disruptor. We recently reported Apple is working hard to keep its employees out of the grasp of Meta. The Cupertino company is fighting fire with fire and appealing to the wallets of employees.
Bloomberg reports Cupertino is offering out of cycle bonuses ranging from $50,000 to $180,000 to engineers. Specifically, software engineers and tech pros could receive $80,000, $100,000, or even $120,000 in stock.
Metaverse is a virtual world where users can access through MR headsets to learn, play, shop, and interact.
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