Top talent migration 昀氀ows Talent movement is healthy for the tech ecosystem as employees learn and become more valuable with every new experience, and Europe is a net bene昀椀ciary of this movement. While most of the European talent that leaves the continent goes to the United States, Europe is also a huge talent magnet for tech talent from the US, and attracts the same amount back, on average netting out slightly in the green. The somewhat usual suspects Canada and Australia are destinations where Europe is the most net negative. Meanwhile, India is powering Europe with thousands of tech workers, and - somewhat surprisingly - Brazil is the next biggest net contributor to talent in昀氀ows to Europe. Net balance of arrivals to and departures from Europe, 2023 Arrivals to Europe Departures from Europe 12.5k 10k 7.5k 5k 2.5k 0 S a ia ia E zil a ia o W U d l A c r c a a d a ri e c o n tr In U Br f ig o R a s A N or C u th M Notes: A ou Data for 2023 only, where an S arrival has taken place on or after 1 January 2023. Arrivals measured as employees joining tech companies only, but could Sources: Powered by have previously worked at either non-tech or tech companies. Data is as of 20 September 2023. | 174
State of European Tech | 2023 Page 173 Page 175