Why is Credit Suisse hiring if they are planning to layoff ?

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The layoffs are generally cutting down redundant resources and legacy code maintainers. As the org grows and transitions to new tech we do need new talent and ofcourse if a person in IT does not upgrade himself he needs to learn it the hard way. So i guess that answers your question.

Also CS is a big bank with multiple verticals and too many teams doing the same thing their own way, so the Upper mgmt is now trying to Focus on making components reusable and doing that would definitely put some teams out of work.

Cheers!

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If the offer is good enough, do join

They are practicing layoffs!
If there is no hiring how can they lay off?

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Accept and relax

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