London’s bruised technology sector is showing its first signs of recovery – where in June new tech job roles within tech firms increased by +10.3% on the previous month, and by +25.7% in May.

When looking at technology roles based in non-tech companies, London job volume was only marginally down in the past month (-1.52%) and saw a small uptick of +11.48% in May.

The new report from recruitment specialists Robert Walters and leading jobs market intelligence firm Vacancysoft, unveils that if job volume for tech-based roles continues at the pace it is this year then London would still be -54.2% down when compared to 2022.

Ben Litvinoff – Associate Director, Technology at Robert Walters comments:

“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 professional sky-rocketed during and post-pandemic – so a lot 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 (2019).

“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.”