How attractive do you think it is to work for a European tech company, specifically at the stage your startup is at now, compared to 12 months ago? 2023 2022 Significantly more attractive Powered by Somewhat more attractive About the same Somewhat less attractive Significantly less attractive 0 10 20 30 40 50 % of respondents Notes: Founder, C-level, Department Sources: head and Employee respond- ents only. Respondents who selected "Other" are excluded from the data. Early stage is a motor for job creation The growing magnetism of the European tech ecosystem is re昀氀ected in the number of new joiners at Europe- an tech companies coming from other sectors. The hiring curves seen in recent years mirror 昀氀uctuations in tech ecosystem sentiment. 2021 witnessed a surge in new hires, most notably within growth-stage companies. The market reset then caused hiring to 昀氀atline at many companies throughout 2022. 2023, to date, has seen the number of new joiners to the tech industry grow in record volumes, a re昀氀ection of the absolute scale of the ecosystem in aggregate now, as opposed to a dramatic acceleration of growth at the individual company level. Perhaps the most surprising data here, however, is the difference in the absolute volume of new joiners between early-stage and late-stage companies. While growth-stage scale ups are important contributors to | 166