I was a software engineering manager at a lean, high-margin, profitable start-up based in the NYC area starting in the late 2000s. We were acquired in 2014 by a very typical (for the time) SV-based competitor that had raised hundreds of millions in an IPO a few years earlier. Our acquirers had yet to see a single quarter of profit, of course.
I and my team had so many good laughs at the attitudes of our CA counterparts. One especially strong memory is when, a week after a particularly dismal quarterly earnings report, a junior engineer based in the HQ of our new corporate overlords sent out a team-wide email complaining about the corporate decision to no longer stock the refrigerators with free fresh blueberries. They bemoaned the lack of respect for the "talent," and tossed in gratis the ubiquitous pseudo-threat "if you don't treat us right, we can always go down the road to an employer who will."
On visits to HQ in Redwood City, I marveled at the paradisaical campus-like setting (several buildings around a "quad," with parks, a tennis court, swimming pool, gyms, etc. etc.) and noted the amount of time the local staff spent taking advantage of these amenities. I remember the engineers on my team from HQ explaining to me that my proposed stand-up meeting schedule wouldn't work beacuse their intramural basketball league scheduled their games for that time. Meanwhile, in our low-perqs atmosphere in NY, distractions were limited and productivity was high. We also all made money.
Since that was Silicon Valley during one of the many gold rushes, I thought that I must have been "missing something." What seemed like common sense to me was clearly heresy to the golden people there. The explanation I arrived at was that such perqs were the necessary counterpart to an expectation that your employees have no life other than work.
I came to realize I wasn't missing anything, they were. That company did end up burning through their cash stockpile, and had to sell a few years later for less than 1/4 of what they paid to acquire us.