DBS has confirmed plans to hire over 2,000 people this year in Singapore despite the market turbulence caused by the Covid-19 crisis and also assured that there will be no redundancies.
Of the 2,000 hires, over 1,000 will be in new roles that include apprenticeships for fresh graduates and specialised roles for seasoned professionals.
The new positions include over 360 jobs for seasoned professionals in growth technology areas.
These areas are UX/UI, data science, fraud detection compliance, consumer and institutional banking technology.
The bank also said that it will continue its annual internship programmes.
Besides, DBS intends to train and hire people through specialised talent development programmes in artificial intelligence, cloud computing, full stack development as well as data analytics.
Additionally, DBS assured that employees affected by temporary shuttering of branches will not get laid off and will receive full pay.
DBS is also encouraging the affected employees to enrol in the bank’s e-learning programme to upskill themselves.
DBS CEO Piyush Gupta said: “While DBS is also prudent in our outlook, as a key employer in Singapore, it seemed right to us to not just continue with hiring for business-as-usual activities but also to actively create new jobs where we can, so as to help more people tide through this difficult period.
“In particular, we want to do our part to avoid having a ‘lost’ generation of young graduates in Singapore whose career prospects are jeopardised because they are unable to find jobs due to the pandemic.”