According to recent reports, JP Morgan is still planning to hire 2000 engineers despite softening of the economy. In simple terms, softening of the economy means there are more sellers than buyers which is why products are sold at a low price. Read the entire article to learn more about the complete story.
About the hiring
“We’re definitely still hiring,” Beer said in an interview at the bank’s office in Plano, Texas, at DevUp, an internal JPMorgan conference gathering 500 of the company’s top engineers. The investment signals JPMorgan is “a safe place through the uncertain economic times. … When you’re going into a tough economic time and things are very volatile, it does play into our favor,” Beer said. “How do we bust the myth and help people understand the innovation that’s happening here the complex problems?” Beer said, highlighting opportunities to work on projects that affect millions of customers or move trillions of dollars. “A lot of this is about human interaction — the networking, the collaboration, the trust that you build — you can’t do that over Zoom,” Sridharan said. So, variousreportsstatethattherehasbeenaconstantrivalrybetweenbanksandtechcompanieswhentheyneedtohirepeople. Techcompanieslookmoreattractiveandoffermanyperkswhichattractengineerstosuchcompanies. BanksontheotherhandarenotconsideredthatgoodtoworkinwhichiswhatJPMorganistryingtochangesaidLoriBeer. Talkingmore about theinvestmentbank, itisabeautifulbuildingandsomewhatsimilartotheofficesinSeattlevalley.
About JP Morgan
For people who have heard about JP Morgan but have no clue what it is, it is an investment bank that operates on a global level. It has its headquarters in New York. The company came to India in the year 1922 and since then, it has made quite a name for itself. The aim of the company is to provide their client with a lot of options so that they can decide what’s best for them. The bank provides many services which include investment banking, Treasury services, etc., and gives thought-out advice to the companies so that they can take the best decision. The investment bank is currently headed by Jamie Dimon. One of his most popular quotes is “Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people. The best way to look at any business is from the standpoint of the clients. I’m a little bit of an eternal optimist”.