At the moment, big banks in the United States (US) are actively screening for hiring or firing employees, but the situation is seen to be different in Malaysia.
Starting with the update in the US, JPMorgan and Bank of America (BoA) are carefully screening the layoffs to ensure that the prospects of Uncle Sam's largest bank are not overburdened.
JPMorgan President and Chief Executive Officer (CEO) Daniel Pinto explained that it is not easy to fire a banker especially in the current situation which will definitely affect the bank's future prospects.
The statement roughly outlines the issue of recession that is expected to occur in the future considering that the Federal Reserve (Fed) is likely to raise interest rates to curb inflation.
Taking a step ahead of JPMorgan, Goldman Sachs Group Inc is seen as refusing to wait long and acting to lay off a number of employees this month after there was a 15% surplus of staff in the 2nd quarter (2Q).
In the meantime, the situation in Malaysia is quite different with airasia Super App which is seen offering a full-time recruitment program to their e-hailing drivers.
Effective on October 1, all eligible e-hailing drivers under Capital A's Super App will receive benefits such as a basic monthly income of up to RM3,500 including fuel and a monthly income of RM8,000.
The program was officially launched by the CEO of Capital A himself, Tan Sri Tony Fernandes who expressed his excitement to provide job opportunities to those in need.
