London tech companies battle to rent as Google, Apple, Fb develop

Google’s new London headquarters.


LONDON – Know-how companies in London are discovering it more and more troublesome to recruit tech staff as Silicon Valley tech giants scale up their operations within the U.Okay. capital. 

U.S. tech behemoths together with Google, Fb, Amazon, Apple, Microsoft, Palantir and Twitter now make use of tens of hundreds of tech staff in swanky workplaces throughout London, and a few have main expansions underway.

Oscar White, CEO and founding father of enterprise capital-backed journey start-up Beyonk, instructed CNBC that the expansions had been making recruitment more difficult, including that they’ve prompted inflated wage expectations and a shortage of tech useful resource.

Alphabet, Google’s mum or dad, is within the strategy of constructing an enormous advanced in King’s Cross with sufficient room for as much as 7,000 Google workers and round 1,000 DeepMind employees. A couple of miles away, Apple is planning to maneuver 1,400 employees into a brand new Apple Campus at Battersea Energy Station. Whereas the builds have been held up by coronavirus lockdowns, they’re nonetheless going forward. Elsewhere, Fb and Amazon have just lately opened large multi-story workplaces in London.

Fb presently has 266 open positions in London, in line with its profession web site, whereas Google has 172 and Apple has 103. Amazon is on the hunt for 162 software program builders, 143 options architects and 72 technical managers within the metropolis.

“Software program builders are in greater demand than ever earlier than, which is more likely to worsen as extra tech firm campuses spring up across the metropolis,” White mentioned. “For start-ups on tight budgets, who closely depend on expertise useful resource as the important thing enabler for development, this presents an actual problem.”

Twitter and Palantir declined to remark. Not one of the different aforementioned U.S. tech giants instantly responded to a CNBC request for remark.

Wage expectations

The VC view

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