One US dollar is worth 1 EUR. The last time this was the case was 20 years ago, after the Dotcom bust ended. What impact will this have on tech? One important one for sure:
US companies hiring software engineers as remote will find hiring in Europe - and especially in Western Europe - far more affordable. Imagine hiring an experienced software engineer who worked at well-known tech companies or high-growth startups and can work at scale, for ~$90-130K/year. Well, if offering €90-130K*, you'll have plenty of candidates, and if you go higher you can find staff-level folks as well. Just a year ago, €90-130K meant $112-$162K/year - quote the difference in cost versus now!
This also means that companies that offer location-independent salaries in US dollars will see more interest from Europe, thanks to the EUR weakened. And companies that raised their funding in USD will see their hiring budgets go further in EUR.
