No plans for layoffs; HK$1.5 billion investment in Greater China to continue: OCBC’s Helen Wong
This is despite uncertainties stemming from US tariffs
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[SINGAPORE] OCBC has no plans to implement “major” layoffs despite macroeconomic uncertainties arising from US tariffs, said the bank’s group chief executive officer Helen Wong on Friday (May 16).
“We’re growing, so why would we be thinking about letting people go?” she said.
While there is always some “natural attrition” – which the bank may use to rebalance its workforce – Wong stressed that there are no plans for a “major change” in how OCBC hires and manages staff.
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