News

London and South East lose IT jobs

Antony Savvas

London and the South East's share of new IT jobs in the UK has fallen from 65.5% to 57.6% over two years.

Research from IT staffing firm ReThink Recruitment says the region has been hit by the deepening banking crisis with thousands of back-office jobs at banks being axed.

As the banking industry is concentrated in the region, it has been particularly affected in terms of new job numbers, said the staffing firm.

Jon Butterfield, managing director at ReThink Recruitment, said that during the financial services boom, demand for IT staff in front-office roles had "skyrocketed", but that many firms had now put in place hiring freezes.

The ReThink Recruitment research reveals that the north west has increased its share of the IT jobs market from 6.6% to 9.2%, whilst the West Midlands saw its share grow from 5% to 6.7%, and the south west saw a rise from 5.3% to 7.2%.

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