Recent study mentioned that, many UAE companies are looking to hire amid job cuts. Considering the number of professionals who have been hit by headcount reductions, competition for a new job may be getting tough. Nearly three major banks in UAE cut 350 positions and reconsidering their hiring plans, it doesn’t mean it’s time to quit the job hunt. Job market is on a hiring spree and demand is high for professionals specialized in sales and business development, HR [human resources] and administrative roles and healthcare professionals. Competition is growing among in the banking, financial services and insurance industry.