Re:468 Capital raises $400M to back European startups
by ChuckNorris89 on Tuesday February 01, 2022 @06:42AM
(#30161279)
>I dont recommend anyone young and ambitious to work in tech here.
Austria is, with few exceptions, a very bad market for tech/IT careers. Oversupply of talent but low VC investments, small market with focus on networking, culture that values middle managers way more than ICs, archaic culture with too much emphasis on titles and degrees, high taxes, poor fiber infrastructure in cities, hyper conservative cash-based society, inflexibility to remote work and freelancing for foreign companies due to complex government bureaucracy, high real estate prices(for buying), non-competes are legal and enforceable, all-in contracts with zero overtime pay, 25 vacation days standard for most tech workers, company benefits are non existent unless you count free coffee and a banana, companies focusing more on hiring seniors and rarely hiring or training juniors, almost no product based SW companies with the IT industry being mostly service based (in other words, a cost center); I could go on.
Quality of life is great though but tech careers here are a joke, even Eastern Europe has better and more exiting opportunities now due to the influx of outsourcing from US/UK unicorns.
Austria is, with few exceptions, a very bad market for tech/IT careers. Oversupply of talent but low VC investments, small market with focus on networking, culture that values middle managers way more than ICs, archaic culture with too much emphasis on titles and degrees, high taxes, poor fiber infrastructure in cities, hyper conservative cash-based society, inflexibility to remote work and freelancing for foreign companies due to complex government bureaucracy, high real estate prices(for buying), non-competes are legal and enforceable, all-in contracts with zero overtime pay, 25 vacation days standard for most tech workers, company benefits are non existent unless you count free coffee and a banana, companies focusing more on hiring seniors and rarely hiring or training juniors, almost no product based SW companies with the IT industry being mostly service based (in other words, a cost center); I could go on.
Quality of life is great though but tech careers here are a joke, even Eastern Europe has better and more exiting opportunities now due to the influx of outsourcing from US/UK unicorns.