One of the under-appreciated reasons great technology companies fall is that once they hit a certain size, talented employees who have risen through the company's ranks begin leaving for younger, more dynamic companies with longer runways for growth.
While Google (Nasdaq: GOOG) still ranks atop many lists for best employers, its size-and the inherent bureaucracy that comes along with it-is a major challenge to keeping talent. The most recent illustration of this is that Hugo Barra is leaving the company to join Chinese smartphone upstart Xiaomi. His exit comes just six months after Android chief Andy Rubin left the company.
While there might have been unique personnel issues behind Barra's departure (reports cited a recent break-up with an employee now dating Google co-founder Sergey Brin), his departure to a Chinese start-up is interesting on its own. Yet, it becomes even more fascinating when you consider Xiaomi heavily forks Android, ripping out key Google services like its app store.
Xiaomi is definitely a fascinating company, data from smartphone research companies showed it outselling Apple (Nasdaq: AAPL) last quarter. To hear more about the troubles of big tech companies retaining talent and why Barra might be interested in moving on to a company many call the "Apple of China," watch the video below.
The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to dominate the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate and give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!