Banks, healthcare, and other non-tech companies are outbidding tech firms for software engineers as demand for AI skills rises and tech layoffs reshape the talent market, according to new research from recruiting giant Randstad. The study found that healthcare and life sciences companies pay software engineers 17% more than tech companies, while the banking sector pays 13% more. Over the past year, AI-related job postings have increased fivefold, and 55% of surveyed non-tech organizations are hiring staff following tech layoffs.