The Recruitment and Employment Federation (REC) reports a significant decline in advertised IT jobs in 2024, reverting to pre-pandemic hiring levels across most tech roles. This decline follows a period of aggressive hiring and subsequent layoffs in the tech sector. Despite the decrease, there is a rising demand for specialized professional services, especially in financial roles, suggesting businesses are focusing on stability amidst economic uncertainty. Overall, while IT job postings are down, the need for tech expertise persists as organizations adapt to an increasingly digital environment.
The number of advertised IT jobs dropped year-on-year in 2024, showing a return to pre-pandemic hiring levels across most tech roles.
Despite a reduction in tech hiring, there is a growing demand for specialist roles, particularly in financial services, indicating a shift in workforce priorities.
REC's research indicates at least a 40% year-on-year drop in advertised roles for many IT professions, with support technician roles hit hardest.
While tech job demand has declined, businesses continue to seek technology skills to meet modern operational needs, reflecting ongoing interest in tech talent.
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