{"id":1665592,"date":"2022-09-30T00:50:13","date_gmt":"2022-09-30T04:50:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1665592"},"modified":"2022-09-30T00:50:48","modified_gmt":"2022-09-30T04:50:48","slug":"exclusive-jpmorgan-to-hire-about-2000-engineers-even-as-economy-softens","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-jpmorgan-to-hire-about-2000-engineers-even-as-economy-softens\/","title":{"rendered":"Exclusive-JPMorgan to hire about 2,000 engineers even as economy softens"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexclusive-jpmorgan-to-hire-about-2000-engineers-even-as-economy-softens%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1665592&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Lananh Nguyen<\/p>\n<p>PLANO, Texas (Reuters) \u2013     JPMorgan Chase &#038; 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 on Wednesday.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>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\u2019s roughly 278,000-strong global workforce. <\/p>\n<p>\u201cWe\u2019re definitely still hiring,\u201d Beer said in an interview at the bank\u2019s office in Plano, Texas, at DevUp, an internal JPMorgan conference gathering 500 of the company\u2019s top engineers. The investment signals JPMorgan is \u201ca safe place through the uncertain economic times. \u2026 When you\u2019re going into a tough economic time and things are very volatile, it does play into our favor,\u201d Beer said. <\/p>\n<p>The roles will be across the bank, including in general software engineering, data science, cybersecurity and cloud computing, among other areas.<\/p>\n<p>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.JPMorgan\u2019s Plano campus, built on a former horse farm, more closely resembles the tech offices of Silicon Valley than its imposing headquarters on New York\u2019s Madison Avenue. The new buildings are filled with natural light and meeting spaces populated with couches and white boards. There are other typical tech-company fixtures: large cafeterias offering a variety of cuisines, and Ping-pong and pool tables. There are also local touches, including a smoke house serving barbecue. <\/p>\n<p>In recent years, banks have faced fierce competition for workers from tech companies that paid large chunks of compensation in company stock. Engineers were also attracted to tech companies that built novel products and services at speed, with casual cultures and abundant perks. <\/p>\n<p>By contrast, banks were sometimes seen as stuffy businesses running on older technology where innovation was stifled by strict regulations.<\/p>\n<p>JPMorgan aims to debunk that perception, Beer said. <\/p>\n<p>\u201cHow do we bust the myth and help people understand the innovation that\u2019s happening here, the complex problems?\u201d Beer said, highlighting opportunities to work on projects that affect millions of customers or move trillions of dollars. For example, engineers could join teams moving applications to the cloud, bolster the bank\u2019s cyber defenses or help automate back-office processes. <\/p>\n<p>Analysts have questioned JPMorgan\u2019s plan to spend $14.1 billion on technology this year. At its investor day in May, JPMorgan executives outlined some initiatives, such as personalization for its mobile app, improving payments offerings for e-commerce, and modernizing infrastructure. Many U.S. banks have made it a priority in recent years to beef up investment in their own technology.<\/p>\n<p>In Texas this week, the three-day event saw Beer and Sandhya Sridharan, head of core engineering and JPMorgan\u2019s development platform, alongside technology leaders from the bank\u2019s major divisions, greet a group that consisted mainly of vice presidents and associates who write the code that underpins JPMorgan systems. <\/p>\n<p>\u201cA lot of this is about human interaction \u2014 the networking, the collaboration, the trust that you build \u2014 you can\u2019t do that over Zoom,\u201d Sridharan said. \u201cWe want practitioners to come and learn from each other.\u201d<\/p>\n<p> (Reporting by Lananh Nguyen; editing by Megan Davies and Leslie Adler)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/exclusive-jpmorgan-to-hire-about\/attachment\/file-photo-jp-morgan-chase-co-corporate-headquarters-in-3\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8T050-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8T050-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lananh Nguyen PLANO, Texas (Reuters) \u2013 JPMorgan Chase &#038; Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1665592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1665592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1665592"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1665592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1665592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1665592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1665592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}