In defiance of current hiring trends, JPMorgan Chase has revealed that it will hire around 2,000 engineers.
JP Morgan Chase’s global chief information officer Lori Beer said that the company will bring on new engineers throughout the end of the year, which comes at a time when technology companies are on hiring freezes or conducting layoffs.
Last year, the firm hired 5,000 software developers and data scientists. Now, technology staff make up around 20% of the company’s global workforce.
Financial organizations and tech companies have already been in a battle for talent for several years now.
To have an edge above the competition, tech firms popularized lavish office spaces that make the workplace fun — a stark contrast to the stereotypically-rigid nature of a financial company.
While this is usually enough to attract and retain the best of the best, economic volatility has left companies both eager and wary of new hires. This has given financial firms a slight edge when seeking new team members.
Beer hopes to “bust the myth” and highlight “the innovation” and opportunities that are arising within the financial industry.