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Banks and healthcare firms are outbidding tech for software talent, major recruiter says

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https://www.cnbc.com/2026/10/29/ai-jobs-software-engineers-tech-layoffs.html

How can this be? CS is dead and unless you work at FAANG you're barely making minimum wage. Reddit keeps telling me so.

  • Banks, healthcare companies and other non-tech employers are paying more than tech firms for software engineers as demand for AI skills grows, according to Randstad research.

  • Healthcare and life sciences firms pay up to 17% more, while banks offer a 13% premium

  • “We’ve seen a massive investment wave in the technology sector ... now that wave is shifting towards businesses looking to find the benefits of AI,” Randstad’s CEO told CNBC.

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