Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
While Germany is also teetering on the edge of recession, its companies have grown more slowly in recent years and, in a country notorious for still handling business by fax, there are huge technology leaps to be made.
The government is simplifying immigration rules and dangling the prospect of easily-acquired citizenship to tempt skilled would-be immigrants, and regional authorities are pressing ahead. Especially with the euro at dollar parity, few European companies pay rates that compete with the hundreds of thousands of dollars on offer at California's most successful companies, but some hope cheaper healthcare and lower costs compared to hotspots like San Francisco can help.
Some are sceptical, with Bitkom's Bernhard Rohleder noting that Germany is competing not just with other countries for the most talented, but with potential recruits' home countries too.
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