London tech market picks up with increased job vacancies
London’s technology market is showing signs of recovery, with job roles within tech firms increasing in May and June by 26 per cent and 10 per cent respectively.
A new report from recruitment firm Robert Walters and jobs market intelligence firm Vacancysoft showed improved activity in the market, after technology jobs plummeted by 50.4 per cent in April.
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“Whilst it is great to see job volume increase in the past few months, it would be amiss to not acknowledge that demand for technology professionals sky-rocketed during and post-pandemic – so a lot of the decline we are seeing in roles is more so a levelling out process, where job vacancies now are on par with what we saw pre-Covid,” said Ben Litvinoff, associate director – technology at Robert Walters.
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“The early signs of job flow returning is linked to considered and business-critical hires, the return of transformation and change projects which may have been put on hold at the start of this year, and investor activity slowly returning leading to a rise in demand for developers and infrastructure specialists.”
The mid-year recovery follows a turbulent few months for the tech industry, after Silicon Valley Bank’s collapse in March and swathes of lay-offs from the likes of Meta and Alphabet.
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Jobs for software developers and engineers have proved particularly popular in recent months, and now account for 28 per cent of all London tech roles that are currently advertised.
Tech management and infrastructure jobs account for 23 per cent and 14 per cent of all vacant roles respectively.