'They fire, we hire' - Germany seizes on Silicon Valley's woes

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BERLIN : 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.The U.S. West Coast has always been the main destination for ambitious software engi

BERLIN : 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.

Spooked by inflation and the prospect of recession, Google parent Alphabet, Microsoft and Facebook owner Meta have announced a combined almost 40,000 job cuts. The government is simplifying immigration rules and dangling the prospect of easily-acquired citizenship to tempt skilled would-be immigrants, and regional authorities are pressing ahead.

"And did I mention Oktoberfest?" Gerlach added, adding Munich's famed beer festival to the strong labour protections that might prove attractive to the newly jobless.

 

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