When our goal is high paying software engineering jobs, we hardly think of Germany, France or the Netherlands. The first names and areas that spring to mind are Silicon Valley, San Francisco and New York. The fact is that the US is probably where an IT talent can make a lot of money. The average salary for software engineers in the US is $110,140 compared to $52,275 in Germany.

Yes, that’s a difference we can’t ignore. But let’s jump to conclusions and rush to conclusions about IT pay in Europe because nothing is as it seems. When we take a look at the top earning companies in Europe, you’ll notice that they are the ones paying much more than those overall figures you saw above.

If we want to grow in the most lucrative sector in technology, we need to consider a number of factors. Location is obviously among the most important. For example, the highest salaries in Western Europe are in the Netherlands.

The size of the company, its funding and the location of its headquarters are also important. Here are also the highest paid types of tech companies in Europe, according to We Are Developers.

The Four Types of TECH Companies in Europe with the Highest Salaries

FinTech
FinTech covers everything related to money online. This includes mobile banking, payment processing services, post-payment, wallet management, trading platforms and even cryptocurrencies. Major European companies in this field are N26, Solaris, SumUp, Klarna, Wise, Wirecard. The highest annual salary for a senior engineer is 605,000 euros.

FAANG
We all know that the FAANG companies (Meta, Apple, Amazon, Netflix and Google) in the US offer very competitive salary packages. In Europe, it’s no different. According to We Are Developers, FAANG companies tend to offer a higher base salary, but less in terms of equity and bonuses. The highest pay package is €255,000.

Cloud Software
At the risk of sounding mercantile, there’s a lot of money in the cloud space. Plus, the big players are legacy companies like IBM and Oracle. Bay Area international cloud companies pay the highest salaries. Companies like HashiCorp and Databricks. The highest reported remuneration package is €335,000.
Travel sector

It may surprise many to learn that software engineers in the travel sector have the highest earnings in Europe. It actually makes sense when you consider the business model and how big companies like booking.com, Trivago and Skyscanner are. They pay their developers well. According to Techpays, the highest remuneration package is €455,000.

Companies Unicorns
These are the companies that reach billion dollar status, pay their senior developers well. Uber is a notable name in this category. In the last few years, there are also several European companies that have become unicorns: Zalando, Bolt, Hopin, Personio, Vinted and Gorillas. According to Techpays, the highest remuneration package is 374,000 euros.

According to Reuters, the Israel-based company will not only make the cuts but also close some of its offices in Asia. The reason for this is a scandal involving a fake letter of credit used as collateral in a deal with an insurer.

The offices the company is expected to close are in Tokyo, Hong Kong and Seoul, but it will retain employees in Tel Aviv, New York, London, Dubai and Bermuda.

“In order to solidify the foundation of the company and reassure the industry, leadership must return its focus to core services while reducing overall costs, including parting ways with some of our employees”, Vesttoo said in an emailed statement to Reuters.

Vesttoo is currently conducting an internal and external analysis of the events leading up to the first fraudulent credential report. The size of the fintech company was 200 employees.

“These are painful, but important decisions that we must make at this time. Our focus remains on regaining our footing and emerging from this challenge stronger than before”, the company continued.

The scandal surrounding the fraud has changed and halted the company’s plans to raise about $200 million in late-stage funding that would have valued the firm at nearly $2 billion.

The investment will be used to accelerate the company’s growth in Europe, the Middle East and Africa and to fund expansion into the North American market as the company leads the way in the new enterprise virtual reality as a service (VRaaS) training space.

“In the digital age, Gemba is an impactful solution to the biggest challenge faced by transformational leaders—the roll-out of powerful and effective training at scale, in a compelling and cost-efficient way,”

said Gemba CEO, Nathan Robinson.

Through its proprietary Virtual Reality (VR) offering combining software, content, and service, Gemba helps global enterprises seeking to train distributed workforces across multiple sites through highly immersive learning programs, simulated factory walks, and live training events – simply by putting on a VR headset.

“Gemba is set to change the way global organizations train their workforces across all critical learning and development areas – from interactive, on-the-job skills training and safety all the way to leadership training.”

added Gregg Hill, Co-founder and General Partner, Parkway Venture Capital.

On January 20, Microsoft announced it was shutting down an early metaverse-like VR app it acquired a few years ago, AltSpaceVR, after transferring much of the useful metaverse technology to its enterprise mixed reality tool, Microsoft Mesh.

As far as enterprises are concerned, training is probably one of the most obvious wins in the commercialisation of virtual reality. Actually practicing new skills in VR, especially hands-on skills in the field or in highly specialized fields like medicine, is likely to attract more visual learners.

In particular, Gemba seeks adoption among employers with multiple operating locations, virtual reality being a standardized, hands-on approach that doesn’t make executives hard pressed for time travel to learn.

The new campaign of Samsung – “Tiger in the City” will bring a giant 3D tiger roaring to life on digital 3D displays in five of the world’s most vibrant cities – New York, London, Dubai, Kuala Lumpur and Seoul. The disruptive 3D animal will burst through digital barriers to showcase how Samsung’s next smartphone lineup is set to help users own the night with new advancements.

By channeling this campaign, Samsung is also embracing its own innovative past following over a decade of refusing to play it safe and driving the mobile innovations that shaped todays’ world. The campaign is an “invitation” for the fans of Samsung to see and feel this vision up close at street level ahead of the Galaxy Unpacked 2022 event on February 9.

Take a look at the video and stay tuned for more from Samsung, later this month.

The celebrities touted tokens sold by EthereumMax or EMAX. The idea was to boost its price and make a profit “at the expense of their followers and investors.”, claims the lawsuit, filed Jan. 7 in Los Angeles federal court. The lawsuit stated:

“The company’s executives, collaborating with several celebrity promoters … made false or misleading statements about EthereumMax through social media advertisements and other promotional activities.”

Kardashian promoted EthereumMax in a June 2021 post on Instagram,  when she had 250 million followers, according to the lawsuit.

“Are you guys into crypto?” she wrote in the post, followed by the disclaimer “this is not financial advice”, but that she wanted to share “what my friends just told me” about the EthereumMax tokens. She included the #AD hashtag to show the post was a paid advertisement, the lawsuit said.

Mayweather promoted EthereumMax on his boxing trunks during a widely viewed fight with YouTube star Logan Paul in June. There were also other times he did that.

Representatives for Kardashian and Mayweather did not immediately respond to requests for comment.

EthereumMax, the company, was also named in the lawsuit. In a statement  EthereumMax said:

“The deceptive narrative associated with the recent allegations is riddled with misinformation about the EthereumMax project. We dispute the allegations and look forward to the truth coming out.”

A New York resident who bought EMAX tokens and lost money filed the lawsuit. It is proposed as a class-action suit for anyone who bought EMAX tokens from mid-May to late June 2021. The case seeks restitution and disgorgement of profits by the defendants.