Exclusive: JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said
The biggest U.S. lender added a net more than 5,000 software developers and data scientists last year and aims to attract a couple thousand more at a time when technology giants have stopped hiring or are cutting jobs. Tech workers comprise about 20% of the bank's roughly 278,000-strong global workforce.
Competition in hot technology job markets such as Silicon Valley, Seattle, Texas and India has abated slightly, with fewer candidates weighing multiple job offers at the same time, Beer said. Some technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows.
By contrast, banks were sometimes seen as stuffy businesses running on older technology where innovation was stifled by strict regulations."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.
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