SquishyBiscuit

Now even Banks aren't able to escape Layoffs

JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank

https://www.forbes.com/sites/brianbushard/2023/05/26/spring-2023-layoff-tracker-jpmorgan-cuts-1000-first-republic-employees/

30mo ago

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DerpyMarshmallow

Stealth30mo

Layoffs are not good for anyone but do any of think JPMC needs to cut it's Indian workforce a bit? Basically 2021, 2022 and 2023 have seen a good chunk of way too less skilled freshers also becoming a part of the workforce through the controversial Campus Hiring procedure. It was a part of their hiring strategy to fill their newly built Bangalore and Hyderabad offices.

SquishyBiscuit

SAP30mo

Yes, you noticed it right, there has been mass hiring through their campus hiring program

DerpyMarshmallow

Stealth30mo

Mass hiring isn't wrong if they can be productive. However a good chunk of those hires weren't even skilled. A large portion of luck involved and them being good enough to fake it till you make it