The FAANG have a lot more leverage over their employees than people seem to think.
Very few if any outside of these companies pay a mid level engineer 700k (yes, this number is real, can we please stop debating this fact?). So, if all FAANG force their companies back to the office, the employees have effectively no leverage.
This is similar to how the top cos colluded to keep engineer wages low in the 2000s, except they don’t need to explicitly make such a pact.
Very few if any outside of these companies pay a mid level engineer 700k (yes, this number is real, can we please stop debating this fact?). So, if all FAANG force their companies back to the office, the employees have effectively no leverage.
This is similar to how the top cos colluded to keep engineer wages low in the 2000s, except they don’t need to explicitly make such a pact.