Startups are following Elon Musk and cutting down on remote-only jobs

There’s been a 35% drop in the number of European startups advertising fully remote roles in the last 12 months, according to data from flexible workspace platform Flexa Careers.

Between November 2021 and January 2022, 31% of startups were advertising for at least one fully remote role on Flexa Careers. That dropped to 20% between August and November of this year.

So why are startups scaling back on remote hires?