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Banks and tech giants are losing skilled staff to flexible fintech startups

Bankers, engineers, data scientists and sales staff from Wall Street, the City of London and Silicon Valley are among those joining an exodus that picked up speed during the pandemic, according to data compiled by Revelio Labs, a workplace intelligence company. The growth in highly qualified staff switching to roles in new sectors comes as tight job markets allow many tech employees to change jobs, seeking higher salaries and more flexible routines. 

“People have stopped and re-evaluated what’s important to them,” Lisa Simon, economist at Revelio, said in an interview. She cited a better work-life balance, improved pay and better career prospects as key drivers. 

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banking