Tech jobs market slows – Sthree

REFORMS in the public sector and Britain’s decision to leave the EU resulted in UK firms scaling back their hiring in recent months, according to specialist recruitment agency Sthree.

The company said gross profits for its UK and Ireland arm were down 16pc to £27m in the six months to May 31 because of a “dampened” performance across sectors. Gross profit fell in all industries apart from engineering, which grew 9pc. However, Sthree said it would “cautiously invest” in the UK and Ireland arm “to maximise market opportunity”. Sthree specialises in jobs in science, technology, engineering and mathematics.

Overall revenues at the firm were up almost 17.5pc to £521m, thanks to stronger performances in the US and continental Europe. Sthree shares closed up 4.2pc at 297p.