There has already been an exodus of talent. I know one personally, and know of a lot more. They lock them down with non-disclosure settlements. Bad management, internecine politics, the whole caboodle. A pity, because it could have been very good, but they went with exactly the wrong team, and insisted people move from the Bay to Florida, which didn't help with retention.

Can confirm. Work there now. Major leadership failures across the board. Engineering talent is mostly there. The "wrong team" starts at the C-level.

Looking for an out in FL now -- finding it very hard to maintain salary. May move back to west coast, but not quite ready for that yet.

Are they at least paying you a Bay Area dev salary? Curious if they used retention bonuses with a big cliff? I for one will never take a job with a vesting cliff if I can help it.

NDAs of anything about the company for departing employees too, which is what I meant to say

A 4 year vesting with a 1 year cliff is standard, is that not what you're referring to?

"And there's another factor involved, which is that you can divide our industry into two kinds of people: those who want to go work for a company to make it successful, and those who want to go work for a successful company. Netscape's early success and rapid growth caused us to stop getting the former and start getting the latter." -JWZ Resignation and Postmortem: https://www.jwz.org/gruntle/nomo.html

>But one wonders why there has yet to be an exodus of talent from Magic Leap.

Was there ever an ingress of talent in the first place? I haven't seen a single technical blog, white paper, conference talk, or anything else of any substance from their engineering department. Every time I see them at a trade show it is nothing but marketing folks with zero technical information. Who is even really working on this?

They don't toot their technical horn, they go for more of the Hollywood flair (they work closely with weta workshop, the guys behind props and CG in Lord of the Rings/District 9 for example). I know some excellent technical people working there, but that side of things is very hush hush.

They're based in Dania Beach, Florida. I'd guess the job market is not quite as liquid as in the Bay Area.

People get locked in, family commitments etc. etc.

And this is a great example for why people stomach the cost of living of the Bay when that argument arises...

Lower employment risk due to more high paying jobs and increased job liquidity.

Yes, it's a trade off. Living somewhere expensive where there's little liquidity sucks.

Living somewhere cheap, where you can get occasional well paid work and save money can also work.

A job's a job, and with the funding ML has got it's probably a pretty safe one for now.

"But one wonders why there has yet to be an exodus of talent from Magic Leap."

Mostly because they are getting paid :).

And it's not entirely implausible that they get 'something' to work, and are able to sell that.

I see that they are based in Florida. Maybe part of the problem is that they just couldn't recruit the right tech talent in the first place.