As recessionary fears grow across many global economies, a number of organisations are cutting back on new hires or are letting staff go that are no longer seen as essential. While the initial period after pandemic-related restrictions were eliminated saw an uptick in recruitment, this boost appears to be short-lived.
According to statistics from GlobalData’s Job Analytics database, reported by Verdict, IT hiring activity in the UK’s technology industry saw a decline of 6.8% in December last year, compared with November 2022.
Almost two-thirds (62.6%) of job posting were for junior level roles, a sharp increase of 28.7% in November. Senior jobs accounted for just 0.9% in December, with mid-level roles making up just over one in four job posting.
With 427 IT job postings in December, the Vodafone Group was by far the largest firm in terms of IT job activity in the UK. Comcast had 81 job roles open for applications and Liberty Global had 59 IT jobs posted. Fujitsu saw 44 job adverts in December, a drop of almost 23% month-on-month.
Software and web developer, programmer and tester roles were the single largest job role that firms were hiring for in December, with over half of job postings falling into this category, reflecting the urgent need for staff with programming skills. Just 1.5% of job postings were looking for computer and information research scientists.
The impact of a fall in technology recruitment has caused high-profile recruiters, such as Robert Walters, to see their shares fall. After announcing full-year profits that were lower than market expectations on January 10th, Robert Walters saw shares fall by as much as 9% in trading. As inflation remains high and technology firms continue to reassess their workforce numbers, the number of IT roles posted in the UK may see further falls in the months to come.