That seems pretty overzealous, companies like SAP or Heinlein are doing well-ish and the recent push for digital sovereignty has induced some money. There also is a bunch of mixed shops (doing he and software or integration work).

The primary difference is that many expect on-site and they pay is generally not US-startup scale.

Many companies also expect you to at least have some knowledge of their local language (e. G., German, Spanish or Polnish) and not just English. One has to adapt to be competitive here.