It was detrimental to the employees. And that’s why I’m arguing against the narrative of other commenters that Apple was wrong for offering Masimo employees money to leave.
It’s the same as the Windsurf situation with Google. In other words, I don’t care that Masimo was hurt because employees took a better deal from Apple.
As far as did it hurt the industry, there is really no logical argument that these companies who were already extremely profitable roundly have had the money to invest in their products if they hadn’t suppressed wages, that some new challenger was going to come along and compete with any of them if Microsoft (search and mobile phones) and Facebook (mobile phones couldn’t).
These employees weren’t going to take the extra money they made an invest in some world changing startup (that’s what VCs are for) that would pay more than BigTech. 50-70K wouldn’t be the determining factor to invest in their own startup.
The startup offers I was getting to be a “CTO” [1] (yes it would have been a laughably inflated title) was less than I was making as a mid level employee at AWS at the time (2020-2023) for more work and more risks.
[1] I didn’t go in AWS as a software developer, I went in working in Professional Services. But my previous experience was strategy and architecture at a couple of startups.
It’s the same as the Windsurf situation with Google. In other words, I don’t care that Masimo was hurt because employees took a better deal from Apple.
As far as did it hurt the industry, there is really no logical argument that these companies who were already extremely profitable roundly have had the money to invest in their products if they hadn’t suppressed wages, that some new challenger was going to come along and compete with any of them if Microsoft (search and mobile phones) and Facebook (mobile phones couldn’t).
These employees weren’t going to take the extra money they made an invest in some world changing startup (that’s what VCs are for) that would pay more than BigTech. 50-70K wouldn’t be the determining factor to invest in their own startup.
The startup offers I was getting to be a “CTO” [1] (yes it would have been a laughably inflated title) was less than I was making as a mid level employee at AWS at the time (2020-2023) for more work and more risks.
[1] I didn’t go in AWS as a software developer, I went in working in Professional Services. But my previous experience was strategy and architecture at a couple of startups.