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waihtis | 10 days ago
Meanwhile, tech companies are continuing to bail into the US the moment they reach significant revenue due to crushing tax and labour costs (see e.g. Oura announcing their departure from Finland yesterday)
Unfortunately the EU and many local governments have chosen to double down on crippling socialism (presumedly to "own Trump") so this continue at an accelerating pace.
jimnotgym|10 days ago
Where in the EU is a software engineer paid SV FAANG rates?
> Oura announcing their departure from Finland yesterday
The article I read said they were moving their HQ domicile to Delaware in preparation for a US stock market listing. A bit like US companies do. It said firmly that roughly half of its staff were already in the US, half in Finland, and that wasn't going to change.
menaerus|10 days ago
Maybe Switzerland but regardless I agree - it is the labour cost that _attracted_ US companies to plant their labs across Europe and not vice versa.