I discovered it the hard way when I immigrated to the Netherlands in late 2018. For a senior role it doesn’t make a financial sense to move to EU. Especially so if you have kids as international school will punch a huge hole in the pocket.

We couldn’t save absolutely anything from what we earned. If not for RSU it would have been a financial disaster for me. Due to lack of growth opportunities I moved back last year and the quality of life (financially) has jumped up again.

Also, I found the tech scene to be not as vibrant in EU. Most of them are government run digital transformations or outsourcing work. I also discovered that IT is way down the pecking order which is reflected in salaries. And being a hiring manager when I interviewed candidates I saw that they didn’t have as much exposure to large scale software development. I later realized that the best of the lot just immigrated across the Atlantic to earn multiple times than what they would in Europe.

To answer your last question, attrition in FAANG companies are around 8%. In startups it varies wildly. I would discount the last 8-10 months of data because the job market has absolutely exploded with offers thanks to insane funding of startups as well as more US companies moving jobs to India due to WFH.

Software professionals across all experience levels have never had it so good in India.