Tech continues its pull on talent Even in the face of challenges in the capital markets and concerning indicators such as layoffs, European tech is not losing its strong appeal to talent and is not seeing any type of mass exodus of talent out of the indus- try. In fact, new positions are constantly being created, and the brightest and best talent continues to place signi昀椀cant bets on the European tech sector. Although there has been a levelling off in the rate of increase of net new joiners into the tech industry over the past three quarters, it’s remarkable that in just 昀椀ve short years, European tech has expanded its workforce from slightly over one million employees to more than 2.3 million today. Total European tech industry employees by quarter, 2019 to 2023YTD New non-tech joiners Headcount 3 ) 2 M ( t n u o c d a e h l a t o T 1 0 8 8 8 8 9 9 9 9 0 0 0 0 1 1 1 1 2 2 2 2 3 3 3 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 3 4 1 2 3 4 1 2 3 4 1 1 Q Q 1 2 3 4 Q 2 3 4 2 3 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Notes: Q To adjust for lags in reporting, we compare snapshots of data at different points in time, which allows us to estimate future growth of current figures by extrapolating Sources: Powered by differences between time points. Data is as of 20 September 2023, thus Q3 is incomplete. | 164