This article needs to be updated. Please help update this article to reflect recent events or newly available information.(July 2022)
Acqui-hiring or Acq-hiring (a portmanteau of "acquisition" and "hiring", also called talent acquisition[1]) is a neologism which describes the process of acquiring a company primarily to recruit its employees, rather than to gain control of its products or services.[2][3]Ben Zimmer traced the derivation of the phrase to a blog post in May 2005.[4]
Talent acquisitions can provide a relatively favorable exit strategy for employees, with the prestige of being bought by a larger company, combined with the typical process of hiring.[5][6] A risk to talent acquisitions are employees that are not interested in working within a corporate environment — which may cause them to defect elsewhere.[6]
By the early 2010s, acqui-hiring had become increasingly common in venture capital-backed startup companies, especially within the competitive technology sector (where skilled software engineers working for startups were considered lucrative). By March 2013, Facebook was the largest performer of talent acquisitions, with 12 over the previous five fiscal quarters. One such Facebook purchase in 2009, FriendFeed, brought several high-profile Google alumni into the company, including Bret Taylor — who became Facebook's chief technology officer shortly after the purchase.[7]Twitter, Yahoo!, and Google ranked alongside Facebook as a similarly major user of talent acquisitions.[8]
Typically, a company that performs a talent acquisition does not show an interest in the products and services of the target, which results in them being discontinued upon the purchase (so that their staff will focus exclusively on incorporating their knowledge into their new employer's projects) or some time afterward. The file sharing service Drop.io was shut down after its 2010 purchase by Facebook, while FriendFeed was left dormant (with no new feature development and a slowly shrinking user base) until 2015, when it was discontinued.[7][6][9]
References
^Coyle, John F.; Polsky, Greg D. (16 April 2012). "Acqui-Hiring". Duke Law Journal. 63: 281. Retrieved 10 July 2020.
^Sullivan, John (10 December 2012). "Acqui-hiring: A Powerful Recruiting Strategy That You've Never Heard of". ERE.net. Retrieved 20 April 2013.
^Yarow, Jay (10 August 2012). "Why So Many Startups Are Being Acqui-Hired". Business Insider. Retrieved 20 April 2013.
^Zimmer, Ben (29 September 2010). "Buzzword Watch: "Acq-hire"". Visual Thesaurus. Retrieved 27 May 2013.
^"The Vanity of the "Acqhire": Why Do a Deal That Makes No Sense?". All Things D. Retrieved 23 May 2013.
^ abcHelft, Miguel (2011-05-17). "In Silicon Valley, Buying Companies for Their Engineers". The New York Times. ISSN 0362-4331. Retrieved 2019-04-19.
^ abWagner, Kurt (2015-03-09). "Facebook Officially Shuts the Door on FriendFeed". Recode. Retrieved 2019-04-19.
^"Facebook leads growing acqui-hire craze". Upstart Business Journal. Retrieved 23 May 2013.
acqui, hiring, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, july, 2022, hiring, portmanteau, acquisition, hiring, also, called, talent, acquisition, neologism, which, describes, pro. This article needs to be updated Please help update this article to reflect recent events or newly available information July 2022 Acqui hiring or Acq hiring a portmanteau of acquisition and hiring also called talent acquisition 1 is a neologism which describes the process of acquiring a company primarily to recruit its employees rather than to gain control of its products or services 2 3 Ben Zimmer traced the derivation of the phrase to a blog post in May 2005 4 Talent acquisitions can provide a relatively favorable exit strategy for employees with the prestige of being bought by a larger company combined with the typical process of hiring 5 6 A risk to talent acquisitions are employees that are not interested in working within a corporate environment which may cause them to defect elsewhere 6 By the early 2010s acqui hiring had become increasingly common in venture capital backed startup companies especially within the competitive technology sector where skilled software engineers working for startups were considered lucrative By March 2013 Facebook was the largest performer of talent acquisitions with 12 over the previous five fiscal quarters One such Facebook purchase in 2009 FriendFeed brought several high profile Google alumni into the company including Bret Taylor who became Facebook s chief technology officer shortly after the purchase 7 Twitter Yahoo and Google ranked alongside Facebook as a similarly major user of talent acquisitions 8 Typically a company that performs a talent acquisition does not show an interest in the products and services of the target which results in them being discontinued upon the purchase so that their staff will focus exclusively on incorporating their knowledge into their new employer s projects or some time afterward The file sharing service Drop io was shut down after its 2010 purchase by Facebook while FriendFeed was left dormant with no new feature development and a slowly shrinking user base until 2015 when it was discontinued 7 6 9 References Edit Coyle John F Polsky Greg D 16 April 2012 Acqui Hiring Duke Law Journal 63 281 Retrieved 10 July 2020 Sullivan John 10 December 2012 Acqui hiring A Powerful Recruiting Strategy That You ve Never Heard of ERE net Retrieved 20 April 2013 Yarow Jay 10 August 2012 Why So Many Startups Are Being Acqui Hired Business Insider Retrieved 20 April 2013 Zimmer Ben 29 September 2010 Buzzword Watch Acq hire Visual Thesaurus Retrieved 27 May 2013 The Vanity of the Acqhire Why Do a Deal That Makes No Sense All Things D Retrieved 23 May 2013 a b c Helft Miguel 2011 05 17 In Silicon Valley Buying Companies for Their Engineers The New York Times ISSN 0362 4331 Retrieved 2019 04 19 a b Wagner Kurt 2015 03 09 Facebook Officially Shuts the Door on FriendFeed Recode Retrieved 2019 04 19 Facebook leads growing acqui hire craze Upstart Business Journal Retrieved 23 May 2013 Parr Ben Facebook Acquires Simple File sharing Service Drop io Mashable Retrieved 2019 04 19 This business related article is a stub You can help Wikipedia by expanding it vte Business portal Retrieved from https en wikipedia org w index php title Acqui hiring amp oldid 1101416749, wikipedia, wiki, book, books, library,
