UK challenger bank Monzo's decision to lay off up to 120 employees has rippled through the FinTech market, but there are opportunities for the company's tech talent.
The redundancies will fall in Monzo’s Head Office and operations teams and are not linked to 300 staff that volunteered to be furloughed in March.
The UK FinTech market has recently enjoyed a boon in investment, with more than £5 billion in capital raised in 2019. But the Coronavirus pandemic has forced many companies to consider cuts and furloughing staff.
However, Client Server continues to work with major clients in the banking and FinTech markets who are looking to expand their operational and tech departments, particularly in London and Leeds.
Client Server Director Nick Boulton says there are opportunities for talented developers and engineers.
"The impact of the Coronavirus pandemic has been huge for the tech industry, but we are working with companies who are eager to recruit top tech talent," he says.
"Client Server is seeing big demand from similar players in the fintech space for DevSecOps, app security leads, and Salesforce tech leads. There are huge opportunities for those who've been laid off to bounce back with a great range of FinTech companies."
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