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@Clever_Pun
a lot of it depends on your skillset... VB programmers aren't worth squat for example and to an extent web developers unless you have some serious skills... (in finance anyways)
I'm working for a software house that deals in Listed Derivatives and we've just had a few redundancies, that might also in part be due to being taken over a while back.
A lot of development roles are now in 'centres of excellence' in India, Singapore etc as it's a lot cheaper to get 2-3 developers over there than 1 here... in terms of the balance sheet for now.