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City hiring plummets to four-year low as firms grapple with economic uncertainty

City Correspondent

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City job vacancies plummeted to a four-year low in 2024 as firms looked to rein in costs amid uncertainty over the UK’s economic outlook.

The number of job openings in London’s financial services sector dropped 28% last year compared to 2023, according to data from recruiter Morgan McKinley.

Banks, fund managers and wealth firms among those cutting jobs

Lars Mucklejohn

Central Banking

Investing

Jobs and Employment

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X1PMNU9p4Bpp1IbGbT/UKSOC7qtasBWeuQCMM3dqSnpr2jeRGGb6bgmf41oYQNf9z4Lmk4VxZTi1tGFfkO8MS4g4Lm/Ufi4KZ+TdfN3hSQ==

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