You can't just "work" at the company, you have to produce.

There was an anecdote about Netflix about how a group of engineers who were top performers were let go after they did their part in transistioning Netflix's data center to AWS.

So should we feel bad for the people that got laid off? They will be some of the most sought after people in the industry.

In my experience the HR people think more highly of resumes when a big-name company is on them. Maybe they shouldn't, but they do.

What does "seniority" buy you as a software developer? I stayed at one company for 9 years and between bonuses being cut and 3% raises my pay at year 9 was only 8K more than year 2. Over the next 9 years and 4 companies, I'm making $70k more. This isn't anecdotal:

http://www.forbes.com/sites/cameronkeng/2014/06/22/employees...

There is a term for it "pay compression"

https://definitions.uslegal.com/p/pay-compression/

parent didn't say s/he wouldn't want to work for Netflix. just sayin'

As a long time employee and employer in this industry all it signals to me and people like me is that you managed to survive that environment for two years. The name brand on the resume -is- worth something. Maybe more than it ‘should’ be, but that’s reality. Work at Google for two years and I mostly know you got through a Google interview and you can probably code. Work at Yahoo for 10 years and I know you’re good at politics. Etc. ;)

If companies don't want good developers to jump ship, it's simple. Pay them market value and keep paying them market value not 2-3% wages when they know if the employee leaves, they are going to have to pay market value and they are going to lose the person with institutional knowledge.