Definitely not an isolated case. Austrian tech companies generally pay shit and are usually pretty backwards and burocratic due to the management heavy culture from the 20th century factories (WFH is frowned upon and your time in the office is tracked instead of looking at employee output) and highly conservative culture in general (everyone still uses cash). Also they put far too much value in having advanced degrees from their local universities rather than looking at experience and practical skills, so you end up in credential inflation town with colleagues who scuff at your code or technical opinions, because they "have a PhD from TU Sturmfart, and you don't".

That explains why they have virtually no internationally successful local SW companies (unlike other small EU companies like Netherlands or Finland, or even poorer Estonia), and instead have just a bunch of mom and pop webshops, crusty ERP boyshops for local factories, and their outdated banking industry that can't even get stock trading and banking apps right and instead need to rely on the German Flatex and N26. Their only unicorn, Bitpanda, recently fired half the workforce, which they easily could because Austrian employees have virtually no protection against termination, so your employer can fire you without any reason with the 1-3 month notice period. The cherry on top is that non-competes are legal here and employers can choose to enforce them, which, as we know, is what made SV the cradle of innovation. /s I rest my case.

QOL is generally good there and you can live well there, provided you do anything but tech, ideally work for the state or government enterprises and coast till retirement on your inherited real estate.