With tech layoffs coming thick and fast at the moment––this week both PayPal and HubSpot announced job cuts––the wider macroeconomic climate is having a knock-on effect on the stock prices and cash reserves of some of the world’s biggest technology firms.
However, there is still plenty of positive news to focus on. Deloitte says the European technology industry is an essential economic factor for the bloc. It represents sales of €1.5 trillion and accounts for more than 8% of European economic output. Deloitte also estimates that until the end of this decade, the sector will increase by more than 5% every year.
The European tech scene is rapidly growing and becoming more and more competitive globally. European startups have raised a significant amount of capital in recent years and are making advancements in a number of areas such as fintech, artificial intelligence (AI), and e-commerce.
The region has produced several successful tech unicorns such as Skype, Spotify, and TransferWise, and the number of unicorns here is only expected to grow. Additionally, the EU has taken steps to foster a supportive environment for tech companies, such as the Digital Single Market initiative, which aims to break down barriers to online commerce.
Overall, the European tech scene is performing well and looks set to continue that growth and innovation into the future. Recent Pitchbook data indicates that the UK attracted the largest amount of investment of any European country last year; Switzerland’s VC share increased too, with €3.8 billion invested versus €3.6 billion in 2021, and France saw an 18.4% increase in deal value as well.
While layoffs have impacted areas such as recruitment, marketing, and sales, plenty of roles are in growth. These include data science; AI; cloud computing; cybersecurity and full-stack web development.
If you’re looking for a new job this year then there are many European companies hiring talent. Discover three of those below, as well as thousands more open roles on the Tech EU Job Board.
Senior Frontend Engineer - Customer & Monetization m/f/d, Deezer, Paris 9e
Beginning as a tech start-up created in 2007, Deezer has become one of the first French unicorns and the second-largest independent music streaming platform in the world. It is hiring a Senior Frontend Engineer - Customer & Monetization m/f/d to join a team of talented cross-disciplinary engineers (iOS, Android, Backend, Frontend) the main objective of which is to build the journeys and functionalities that will help onboard, guide, and engage users. You should apply if you have four or more years of experience in building high-traffic applications using React, Next.js, and TypeScript and have experience in working on large and complex code bases at scale and using/maintaining design systems. Check out all the details for this job here.
Head of Customer Onboarding, PayPlug, Paris
PayPlug is a French payment solution designed for merchants, e-merchants of all sizes, and fintechs. Its state-of-the-art technology platform is powered by a team of 400 employees and the company is now hiring for a Head of Customer Onboarding in Paris. You’ll ensure the adoption of PayPlug’s solution by customers and will supervise and secure the onboarding of its most strategic new customers. You should work in a very structured manner, be a problem solver, and show leadership. To apply you should have a Bac+ 4 or 5 in engineering business or a specialised area such as PMI, as well as experience of at least eight years in the management of complex projects, ideally in a strong growth tech company. Get full information here.
Senior Data Engineer (All Genders), Zalando, Berlin
As a Senior Data Engineer for Zalando’s Demand Data Platform, you will collaborate in a cross-functional environment with product managers, designing, developing, and operating data integration pipelines to provide high-quality datasets for analytical and machine learning use-cases. You’ll have end-to-end responsibility for all projects, with a focus on building scalable and cloud-ready software solutions in Zalando’s AWS and API-first tech environment. If you have five years of experience in software or data engineering and have a good understanding of data structures and algorithms, this could be the role for you. Additionally, you’ll need to have an analytical mindset and solid coding skills in Python, with a focus on clean, readable, and maintainable code, and you are knowledgeable in SQL and ETL design, data modeling and interface specifications, quality assurance, and testing methods. Apply for this role here.
Lead image: Eric Prouzet