Nvidia did not even bother reporting its revenues in Europe | Hacker News Reader

Nvidia did not even bother reporting its revenues in Europe

ft.com

2 pointsdrcwpl12 comments

Realistically, i think solution is for European companies to open development centers in nearby countries with lax employment laws (Albania? Serbia maybe? Bosnia? before the war it could also be Ukraine). Hire employees there and just operate there, that's it.

Maybe that's actually what they all are doing, so it doesn't reflect on "EU" stats because it technically happens outside of EU.

Yes, that's what they're doing. And Russia/Belarus too, before the war. Also, not just EU companies - the EU branches of US companies I worked for had 1/2 of the teams in Ukraine/Russia/Belarus.

And that's the right thing to do.

Only an idiot would hire someone they won't be able to fire, or won't be able to afford to fire. Like only an idiot would marry if they know they wont't be able to divorce. Or someone having no choice at all. In a modern world, there's always choice.

And, changing this has zero negative consequences. We aren't speaking about precariat or working poor. Especially in EU terms with much flatter incomes, we are speaking about comfortably upper middle class people. They won't be risking hunger, homelessness, or even lack of medical care if they are fired on the spot. It's utterly stupid to continue resisting the obvious: if you want progress, you need to be able to fire people.

Yeah, I agree. I live in an EU country where firing people is normal... It's also the country with lowest unemployment rate in EU.

Maybe if you do simple low skilled manual labor and have large employee churn. (Can't read the article.) Companies doing high technology work are more constrained by actually being able to find capable people, no matter where they operate.

I don't think tech companies in countries like Finland find unions or legislation a problem whatsoever at all. NVidia has a small technology development office here in Helsinki. I bet they have to pay a lot less than in Silicon Valley.

The article can be read here - https://archive.ph/ejx8K

Person doesn't get European tech. They list Nokia, SAP, Ericsson and Volkswagen, all more or less dinosaurs.

... agreed some decline for Nokia - but still Nokia revenue for the twelve months ending September 30, 2023 was $25.646B... SAP forecasted to range from €29.0 to €29.5 billion at constant currencies, up from €26.93 billion in 2023. Ericsson revenue for the twelve months ending September 30, 2023 was $26.263B.

Not quite dinosaurs if they integrate GEN-AI into SAP and telecoms capture 5G licenses... but I agree they lost significantly from where they were ... we need more Spotify's, and major innovative ideas - but then how to get the investment capital and skills - I think that the EU will see a massive job losses in the coming 2 years (eg call centers) --- maybe the dinosaurs will turn around - By the way it still stuns me that US companies such as HP and IBM are such big companies

https://archive.ph/ejx8K

Why change the title? Real title is: "Why Europe is a laggard in tech"

Agreed. The change seems simply clickbaity.

Ah, sorry - that was not the intent - my intent is raising the point that Nvidia did not even show any material impact from the EU - this is so sad and reflective of the incredible brain drain from the EU

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