>Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
A bit of brain drain in the ol’ Silicon Valley?
Munich has already become more expensive than London, I hope that it won’t surpass San Francisco as well
An unmentioned detail is that German companies are paying a fraction of what US companies offer. That’s why they had trouble finding talent in the first place.
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It’s hardly Germany alone, everybody in Europe’s chomping at the bit for IT specialists.
Yeah but they don’t fire top talent. They fire the useless ones that got in due to over hiring.
Like anybody who was able to get hired by FAANG and make 300k+ will be willing to relocate to Europe for 75k just because they have collective bargaining agreements.
This is a bad joke and nothing else!
Pay and people will come!
I mean, people don’t really believe this…
No one is leaving a $200k+ salary to work for $80k, regardless of what “benefits” you offer them
Not from Silicon Valley but interested. Where do I apply?
I doubt US tech workers would want to take a 75% pay cut, and move from an exciting, cutting edge SV company to a boring German company strangled by bureaucracy, with no venture capital, making nothing interesting, with all the workers desperate to go home as soon as they clock in.
Must be a slow news day at Reuters. This story has nothing beyond a linked in post by some random German official and a vague statement from a person at Volkswagen as evidence.
> Especially with the euro at dollar parity, few European companies pay rates that compete with the hundreds of thousands of dollars on offer at California’s most successful companies, but some hope cheaper healthcare and lower costs compared to hotspots like San Francisco can help.
Lmao, I can see why there are so many unfilled IT jobs in Germany if they think slightly cheaper health insurance would be a deciding factor for the people they’re targeting.
Yeah dont try to pay decent salary, just write bullshit articles that’ll make people in IT come for sure.
Hoping for silicon valley, but in Europe. We need more competition in the market, since currently the top 3 dogs are all US based, basically
Lol, like they have the money. Sillicon valley pays 100k… to the janitors. And taxes on the US when you’re making 200k a year are MUCH better. Good luck with that.
15 comments
>Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
A bit of brain drain in the ol’ Silicon Valley?
Munich has already become more expensive than London, I hope that it won’t surpass San Francisco as well
An unmentioned detail is that German companies are paying a fraction of what US companies offer. That’s why they had trouble finding talent in the first place.
[deleted]
It’s hardly Germany alone, everybody in Europe’s chomping at the bit for IT specialists.
Yeah but they don’t fire top talent. They fire the useless ones that got in due to over hiring.
Like anybody who was able to get hired by FAANG and make 300k+ will be willing to relocate to Europe for 75k just because they have collective bargaining agreements.
This is a bad joke and nothing else!
Pay and people will come!
I mean, people don’t really believe this…
No one is leaving a $200k+ salary to work for $80k, regardless of what “benefits” you offer them
Not from Silicon Valley but interested. Where do I apply?
I doubt US tech workers would want to take a 75% pay cut, and move from an exciting, cutting edge SV company to a boring German company strangled by bureaucracy, with no venture capital, making nothing interesting, with all the workers desperate to go home as soon as they clock in.
Must be a slow news day at Reuters. This story has nothing beyond a linked in post by some random German official and a vague statement from a person at Volkswagen as evidence.
> Especially with the euro at dollar parity, few European companies pay rates that compete with the hundreds of thousands of dollars on offer at California’s most successful companies, but some hope cheaper healthcare and lower costs compared to hotspots like San Francisco can help.
Lmao, I can see why there are so many unfilled IT jobs in Germany if they think slightly cheaper health insurance would be a deciding factor for the people they’re targeting.
Yeah dont try to pay decent salary, just write bullshit articles that’ll make people in IT come for sure.
Hoping for silicon valley, but in Europe. We need more competition in the market, since currently the top 3 dogs are all US based, basically
Lol, like they have the money. Sillicon valley pays 100k… to the janitors. And taxes on the US when you’re making 200k a year are MUCH better. Good luck with that.