Analysis

November 23, 2023

European tech compensation in 2023: companies cut hiring rates and pay rises plummet

Companies take cautious approach to hiring, as tough economic conditions continue to bite


Elena Pantazi, partner at Northzone

European tech hiring has plunged 40% in 2023 in comparison to last year, as higher interest rates and a slowdown in funding is making founders more cautious about scaling headcount.  

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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