Earlier quoted context omitted.
What? The European economic outlook is substantially more dire than in the US. The knock-on effects of EUR depreciation alone will be massive.
Big advantage of the EUR depreciation is that hiring talent in Europe is now cheaper for US companies. Given the rise of remote work, cultural proximity, excellent English skills in Europe (I even heard that there's a country that's full of native speakers although they do have a slight accent and an obsession with tea) this might not work out so badly for _some_ developers.
Not likely if the comments elsewhere are true as there seems to be quite a shortage of tech workers in the UK.