Does anyone know to what degree the Section 174 changes are responsible for this market? It's been brought up separately in a few venues with dire warnings, but I've rarely seen it mentioned when people are talking about the current job market.
Before I switched to my current career, I was a PM at a pretty large software company that had a massive layoff in our US HQ and pivoted hiring almost entirely to Eastern Europe, Israel, and India in anticipation of this.
Nowadays we only hire a handful of strategic roles in the US - everything else R&D wise is abroad. Other peer companies in our sector did the same.
We had other considerations too (eg. Lack of RoI on US talent) but 174 was a driving factor
There's a world of difference between living in Netherlands and Bulgaria, just like life in Honolulu is almost nothing like life in rural Alaska or NYC or rural Kansas.
Worst case I can work for the State or Federal government (especially now that all critical Tech roles have been classified as GS-14/15 now) and still earn more than as senior leadership in Europe.
This is the model the newer gen of Cybersecurity Startups are following (eg. Wiz, Cyera, etc).