Is it fair to say that google/facebook pay higher coz their per employee rent is lower? Also, should expect less money from salesforce and other companies employing in the city coz they anyways pay higher cost for your desk space?
They took the savings from a recent downsizing (axed the letters e, a, u, and s) and put it towards higher base salaries for remaining staff.
For Microsoft, we pay 20% more to SF and New York employees.
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The amount saved on actual commercial real estate is negligible.