Google Inc, which is facing an increasing threat from Facebook for Web surfers' time online, is fighting Facebook for engineering talent as well.
On Tuesday, Google internally announced plans to boost salaries by 10 percent next year in a move widely viewed as an effort to stanch a stream of engineers and managers leaving the search giant for fast-growing rivals like Facebook.
"They don't have an absolute lock on the top talent anymore," said BGC Partners analyst Colin Gillis of Google.
Image: Surfboards lean against a wall at the Google office in Santa Monica.
Text & Images courtesy: Reuters