Communications of the ACM
Startups Are Scooping Up Big Tech's Cast-Off Workers
Pandion Pro Chief Executive Scott Ruffin (foreground) takes a selfie with employees.
Credit: Pandion Pro
Startups are recruiting a growing number of laid-off software developers, data scientists, and engineers, luring them away from larger employers — and bigger paychecks — with a chance to build software capabilities from the ground up, tech recruiters and investors say.
Other startup perks include permanent remote- or hybrid-work models and equity stakes with more upside potential than those offered by mature companies' stock options.
Pandion Pro, a three-year-old e-commerce delivery startup, in recent weeks hired three workers who were laid off by Meta Platforms, said Scott Ruffin, Pandion's founder and chief executive.
Of some 65 new hires in the past year, roughly 15% were laid-off workers from Meta, Tesla, Amazon.com, and Google, among other large tech employers, Ruffin said.
Ruth Ebeling, a managing director at Boston Consulting Group, estimates that at least 40% of tech workers who have found new jobs after being laid off within the past nine months are now working at startups or other small tech employers.
From The Wall Street Journal
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