Silicon Valley

What’s happening in job-hunting, networking and training.

Here’s What Some Silicon Valley Interns Make

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Curious about how much an intern at a prestigious Silicon Valley tech company gets paid? Well, wonder no longer: A list of (supposedly genuine) internship offers has leaked online, and the average seems to be roughly $7,500 a month—before you throw in the generous housing stipend. Tiffany Zhong, who posted the list on Twitter and reportedly works for Glimpse Labs, claimed that the data came from a friend assembling “top internship offers.” Jane Street, the global trading firm, came in… continue…

Silicon Valley Still Bubbly Despite Big Layoffs

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What’s New This Quarter A quick scan of the Valley finds it as frothy as ever, with constant bulletins about huge mergers and acquisitions drowning out the less-bubbly news of restructurings and downsizings. The dog days of August brought new news that Cisco would lay off 6,000 employees, about 8 percent of the company’s workforce, in order to make itself more agile. In comments to his workforce, CEO John Chambers said: “It’s about investing in our growth and moving fast…… continue…

Where Are All the Women Execs?

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How many U.S. companies have at least one female executive on staff? According to a new report from marketing-data company Infogroup Targeting Solutions, a mere 27 percent fit that description. The one region bucking that trend is the San Francisco Bay Area, where Palo Alto, Menlo Park, and Emeryville all boast higher percentages of women executives. “Silicon Valley is actually faring really well [in] comparison to the balance of the U.S.,” Andrea Haldeman, Infogroup’s senior vice president of sales, told Fortune… continue…

This Firm Tried to Pay Tech Workers $1.21 an Hour

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What’s the minimum that some companies are trying to pay workers in Silicon Valley? If you guessed “the required minimum wage for the state of California,” you’d be wrong: Electronics for Imaging Inc. paid eight Indian technicians $1.21 per hour, for as many as 122 working hours per week, with no overtime. The company claimed that the low salary was “unintentional,” and that it originally paid the IT workers what they earned as their regular salary in Bangalore. To find… continue…

Smaller Tech Firms Paying More for Top Talent

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How much is a good software engineer worth? If you’re Weeby.co, here’s the answer: $250,000 a year plus equity. As company CEO and co-founder Michael Carter framed it to CNET in an interview, the competition for the best talent is so fierce, smaller tech companies have little option but to pay top dollar, especially in areas such as Silicon Valley where the cost of living is so high. Click here to find software engineering jobs. Whereas talented engineers at a… continue…

Google Employees Used Perks to Live House-Free

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In a bid to keep its employees on campus for as long as possible, Google’s Mountain View headquarters offers a variety of perks, including free food, gym facilities, and dry cleaning. But according to Business Insider (which drew its sourcing from a Quora thread), some employees are using those perks to never leave the office. “[One] guy lived in the camper for 2-3 years. Showered at the gym. Did his laundry on campus. Ate every meal on campus he could,” wrote… continue…

What If America Isn’t Startup-Friendly After All?

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America is a nation of startups—or that’s how the story goes, at least. But is it true? The Los Angeles Times offered up some stats about the current state of the nation’s startups, and the findings aren’t pretty: As reported by the newspaper, data from the U.S. Census Bureau suggests that the number of new startups fell 28 percent between 1977 and 2011. Nor is that the only bad news for entrepreneurs: People aged 20 to 34—the so-called “Millennial” generation—were… continue…

IRS Wants Tech Workers to Pay Taxes on Those Free Meals

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The vaunted free meals offered to employees by the likes of Google, Facebook and Twitter are getting close attention from the Internal Revenue Service, which says free food is a taxable fringe benefit. The Wall Street Journal reports that the IRS has been seeking back taxes from some employers who haven’t been withholding them on the value of the meals. Last week, the agency and the Treasury Department said taxing employer-provided meals was one of their top priorities for the… continue…

US CTO Switches Gears to Recruit in Silicon Valley

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There’s a new recruiter coming to Silicon Valley. Federal Chief Technology Officer Todd Park is leaving Washington, D.C., for the left coast, where he will be part of a White House team focused on recruiting tech pros for the government. Park became a political target for his role in trying to fix the glitch-ridden Healthcare.gov website. He’s had his successes, though, including helping President Obama lure Google engineer Mikey Dickerson—who worked on the tech aspects of Obama’s 2012 re-election campaign… continue…

Why Silicon Valley’s ‘Attitude’ Isn’t Such a Bad Thing

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In Silicon Valley they think differently, and if that leads to arrogance, so be it. At least that’s what Bloomberg Businessweek’s Joel Stein implies in his long meditation on the area’s outlook on technology, money and changing the world. For better or worse, technology is driving the area’s economy: Private pay and benefits are rising more quickly there than in any other major metropolitan area in the country, reports the Oakland Tribune. “The Bay Area has one of the strongest… continue…