This is a very accurate hypothesis. I live and work in LatAm and know several CTOs of startups over here. The last 2 years have been ruthless for Engineering l

This is a very accurate hypothesis. I live and work in LatAm and know several CTOs of startups over here. The last 2 years have been ruthless for Engineering leaders around here: lots of turnover of Devs that are being hired by US companies throwing loads of money at them. While the local tech companies cannot afford to get engineers as they are unable to compete on salary. It's great for ICs but terrible for leaders, particularly of small/starting startups .