181–190 of 279 posts
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I was really hoping for Raleigh and/or Dallas. Instead, Amazon picked two places where the cost of living is worse than Seattle.
I'm from Raleigh but I"m not convinced Raleigh-area schools have the talent required and willing.
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> Wouldn't you call two new offices that are smaller than the headquarters "satellite offices"? Not quite. Amazon has satellite offices, that employ an order of magnitude fewer employees. At 25k/branch, the term "regional headquarters" can be considered justified. They did game the system though. Feels like they negotiated tax benefits with 50k employees in mind, and kept the same benefits while only giving locations…
> Fin-tech firms WILL HAVE TO compete against Amazon for (supposed) west coast wages, and could help build a much stronger tech industry than NYC has atm. Those fin-tech companies almost certainly pay more than Amazon already. IIRC amazon has a cap of 275k for base pay, which means even if you're James Gosling that's the most you're getting, the rest has to come from RSUs which amazon also has a terrible vesting stru…
Sure, Google and FB pay more and so do top investment banks / hedge funds in math/stat/algo positions . However, those simply are not the bulk of fintech employees.
The majority of fintech SDEs at GS,Morgan,etc. are working on software engineering and maintenance work. These roles pay closer to the $100k number than Amazon's quoted $150k. At least for new hires.
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I'm from Raleigh but I"m not convinced Raleigh-area schools have the talent required and willing.
The Triangle has a number of good schools: Duke and UNC are both in the top 25 CS programs in the US. I've worked with some NCSU CS grads in the past and they've also been great.
Wouldn't you call two new offices that are smaller than the headquarters "satellite offices"? It really does feel like Amazon successfully played a lot of municipalities against each other to try and extract the biggest concessions, knowing all along that it didn't make sense to try and hire 50000 people in a decade in any one location. I know that's how the game is played, but it's still feels a little disingenuous.
> Wouldn't you call two new offices that are smaller than the headquarters "satellite offices"? Not quite. Amazon has satellite offices, that employ an order of magnitude fewer employees. At 25k/branch, the term "regional headquarters" can be considered justified. They did game the system though. Feels like they negotiated tax benefits with 50k employees in mind, and kept the same benefits while only giving locations…
Amazon will represent a tiny portion of NYC's tech industry. Just a drop in the bucket. It won't move the dial much. Also fin-tech firms already compete with tech companies and they pay very well ( better than amazon ).
> Cornell tech much be so happy with their choice to open office on Roosevelt island. I can see them being the biggest winners out of this whole set of events. NYU is probably also happy, having acquired NYU poly a few years ago.
Neither cornell nor NYU needs amazon. It won't make a difference. The biggest winner will be amazon as they gain more political influence. That's what this move is about after all. Political influence in the two most important political centers of the US and the world.
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Nobody is entitled to live in a certain area for a certain price. Such things lead to distorted markets and tons of other issues.
Is avoiding a distorted market more important than avoiding disrupting the lives of people? “Nobody is entitled to live in a certain area for a certain price.” isn’t really true if they were there first and have established a family or a community. Maintaining a functioning free market is not inherently a moral goal, although many seem to think it is.
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I might be wrong, but are you suggesting getting to LGA from LIC is ...inconvenient? I think in all of NY there is no relationship between neighborhood and airport that would be better? Not sure about public transport since I would think everybody would take a lyft/uber/taxi from LIC to LGA. It's 10min and cheap.
> I would think everybody would take a lyft/uber/taxi from LIC to LGA. It's 10min and cheap. And when were you taking this magical taxi, 2AM?
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> Wouldn't you call two new offices that are smaller than the headquarters "satellite offices"? Not quite. Amazon has satellite offices, that employ an order of magnitude fewer employees. At 25k/branch, the term "regional headquarters" can be considered justified. They did game the system though. Feels like they negotiated tax benefits with 50k employees in mind, and kept the same benefits while only giving locations…
> Fin-tech firms WILL HAVE TO compete against Amazon for (supposed) west coast wages, and could help build a much stronger tech industry than NYC has atm. Those fin-tech companies almost certainly pay more than Amazon already. IIRC amazon has a cap of 275k for base pay, which means even if you're James Gosling that's the most you're getting, the rest has to come from RSUs which amazon also has a terrible vesting stru…
My Amazon comp has been more than competitive with FB, Uber, Google.
[Disclaimer/Source: work at Amazon]
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I spend a lot of time passing through in this neighborhood, and can mostly confirm this. In fact, about those luxury condos and housing projects… they're _very_ new, popping up within the past two years and more coming all the time. I’ve been wondering for years what kind of people make the sort of money to afford these places and would also _want_ to live in that area… now I wonder if this decision wasn't made long…
I highly doubt this was leaked to developers, I think this was developers realizing that long island city was within close proximity to Manhattan and people want luxury rentals without the price of paying for one in Manhattan.
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It's the 7, G, E, M, R, N, and W. Queens and Queensboro Plazas are only a couple blocks from the Citi building. I agree though - this happening during the L train shutdown will absolutely nuke the G. The E and 7 are already at capacity. The M and R have a good bit of room, though. As for the N and W, they also still have a good bit of capacity, it's just a shame, because rents in Astoria were just starting to go down…
There's a reason that it's called the "L" train.