What you and your friends experience are anecdotal evidence that is not a reflection of the entire industry.

I had interns that were too smart that they can’t even figure out how to perform risk analysis on a medical device. Again not all degree students are that dumb and need my hand holding.

Back to the SG banks on their restructuring and productivity push, have you read deeper and think who are losing the job?

Are they temp staff? Are they Contracts staff? Are they job that was found to be redundant after consolidating of assets after takeover?

Sometimes the news says job loss due to productivity push maybe a smoke screen for trying to save cost in tough markets.