The race for talent includes a number of impressive displays of investment, not least with the pending decision by J.P. Morgan to locate a back-office function in Central Eastern Europe.
Approximately 2,500 positions will be hired and, at the moment, it appears that Warsaw is gaining the lead over Budapest. Both are fantastic markets with exceptional talent. And both markets continue to attract not only major investment banks, but also other forward-looking companies.
Interest comes from large US corporates as well as mid-market US companies looking to dramatically reduce costs and increase flexibility and control over their business models. US startups, as well, are now entering the market. Startups are looking to reduce burn rates and to extend runways as they iterate and improve their operations and their go-to-market strategies.
Do you have a hot news tip for us? Write to our CEO, Thom Barnhardt, on tb (at) SharedServicesEurope.com
News and commentary from the team at CEE Business Media. We are the organizer of the USA-Europe Shared Services & IT Outsourcing Summit and Awards Gala to be held at the New York Athletic Club on June 28, 2017.