Singapore bank sector may cut hiring amid volatile markets, global financial job losses
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Feature on The Business Times (March 2025)
With the volatility of the stock markets underway and economic concerns in the US, banks in Singapore are adopting a more cautious approach in hiring.
In recent times, layoffs at major US banks such as Morgan Stanley and Goldman Sachs highlighted underlying fears — looming recession and trade uncertainties.
Speaking with The Business Times in an interview, our Partner in Financial Advisory Consulting, Athreya H.D., shared his perspective on the impact of global economic shifts in Singapore's context as a key financial hub, where institutions are more prudent in their hiring strategy, focusing on critical roles essential to their core operations.
He elaborated, "Together with efforts to optimise workforce structures, driven by digital transformation, this could lead to a reduction in overall headcount."
Read the full article on The Business Times.
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