Surge in Finance Jobs: Financial Firms Recruit Top Talent Amid Layoffs in Tech Industry
In the U.S., finance-related jobs are experiencing high demand as global banks and financial institutions are actively hiring. On the other hand, the tech industry has been witnessing large-scale layoffs since 2022, as companies like Amazon, Meta, and Google’s parent company Alphabet reduced their workforce following COVID-19 lockdowns. Despite the challenges faced by the tech industry, the finance sector in the U.S. is thriving with high-paying job opportunities after the COVID-19 era.
Nine of the Fortune 25 financial firms have been recruiting for various positions, including companies like Macquarie Group, Morgan Stanley, JPMorgan Chase & Co., and Goldman Sachs. The quick recovery of the market after the COVID-19 lockdowns is driving the boom in finance-related jobs in the U.S. Tech giants suffered losses during the lockdowns, especially due to the decline in the Metaverse segment. Companies like Meta invested heavily in the Metaverse but later abandoned the project, leading to job cuts.
While tech companies have scaled back on hiring, finance firms are offering competitive salaries to attract top talent. The involvement of financial institutions in
