First-quarter job opportunities in London's financial sector plunged by almost a third year-on-year, recruiter Morgan McKinley said on Tuesday, as firms struggle with economic and geopolitical headwinds.
last month has put thousands of UK-based finance roles at risk of redundancy, while there are few signs of an imminent end to the high inflation and energy insecurity that have crushed global economic prospects.
"After the boom in financial services in 2021, as economies reopened after pandemic shutdowns, last year was markedly slower for jobs," Hakan Enver, managing director at Morgan McKinley UK, said. The number of jobseekers across the City surged 19% in the first quarter compared with the last three months of 2022, Morgan McKinley said, with some workers chasing improved job security and others pursuing transfers to specialist green finance and environmental, social and governance roles, where demand for staff has been outstripping supply.
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