Amazon company to move into Tech City

Pushbutton TV, a company acquired by Amazon in July last year, will move in to London's Tech City, the area affectionately known as 'Silicon Roundabout' and which is intended to hothouse IT startup talent.
According to a report in the Independent, Amazon will move Pushbutton into a 50,000 square foot office among the throng of fast-growing technology startups near Old Street.


One of those startups is business information resource levelbusiness.com. Chris Downs, co-founder of the firm explained that many of the area's small businesses are unhappy at the prospect of corporate behemoths entering the zone.

"When I hear conversations about bringing large firms like Facebook and Google to the area, I worry it would make [the area] something very different," he said.

"It would be the land of big corporates, not the startup corner. They'll force the prices up and we'll have to go somewhere else." Recruiting staff with the right skills is another area of concern for Downs, and another reason to keep large corporations away.

"It's really hard to recruit talent at the moment, especially in technology. We're already losing brilliant talent to Google and Facebook. We were working with a professor in data analytics and the project ended because he got snapped up by Google."




 

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