I guess this is a massive statement of the obvious but the Finance industry in Asia is looking at lower hiring according to this article in Bloomberg. They also go into a lot of detail about how there will be less "expat" hiring in the region. This isn't a new trend. The number of expats in all industries, not just finance, has been trending down for years and years. While there are great positives in hiring expats there are also a great many pitfalls, and most multi-national organizations have slowly but surely cutting down the numbers of expats who they bring to places like Singapore and Hong Kong.
My favourite quote from this article has to be from a credit trader in London: "You're going to need less bankers worldwide than you need right now.'' Right there is another massive statement of the obvious. It's going to be interesting to see exactly how many less that may become.
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