The group has flagged around 20 positions within its UK investment bank including three managing directors and four directors
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The job cuts will primarily impact employees in global markets, research, and the investment banking arm, as per reports
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The hiring will be done across various sectors in the next two quarters as part of its expansion strategy and to support new office opening
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The company has already recruited 150 regional employees as part of this move. It plans to hire 500 more by mid-June
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In 2023, 40% of the fresh talent hired from college campuses were women, marking a 5% increase from the previous year
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The workforce reduction will be global, with restructuring expenses projected to constitute approximately 1.2% of its turnover during this period
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The company also plans to open a new office in Bengaluru by the first quarter of the new fiscal year to increase its talent pool in India
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These industry-specific networks enable employers to reach more candidates with specific, in-demand skills through targeted advertising
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