Dimon, Corbat, Moynihan among CEOs pledging to hire 100000 New Yorkers

Andrew Cummings
August 13, 2020

Leaders from major USA companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in NY.

A group of 27 chief executive officers, including Jamie Dimon of JPMorgan Chase (JPM), Jeff Bezos of Amazon (AMZN), Satya Nadella of Microsoft (MSFT) and Arvind Krishna of IBM (IBM) have promised to hire 100,000 "traditionally underserved" minority New Yorkers over the next decade.

(MENAFN - Baystreet.ca) The CEOs of banks, tech companies and consulting firms are forming a group to boost hiring from underrepresented groups in NY.

Reportedly, leading industry figures representing top financial institutions, consulting firms, and technology companies in the USA have come together to provide jobs to up to 100,000 low-income individuals in NY hailing from the Black, Asian, and Latinx minority groups by the year 2030.

"As companies with a long-standing commitment to the NY area and its residents, we are using our collective power to prepare the city's workforce with the skills of the future and helping New Yorkers who have been left behind get a foot in the door", JPMorgan Chase CEO Jamie Dimon said in a statement.

The coronavirus pandemic has helped exacerbate inequality in US cities, resulting in more job losses and worse health outcomes for people in low-income neighborhoods.

Bloomberg reported that lower income New Yorkers - particularly Blacks and Hispanics - have been more heavily exposed to the pandemic as they tend to work in service jobs requiring close contact with others. The coalition also plans to provide apprenticeships and job opportunities for students at the City University of NY. "Our company are actually utilizing our cumulative electrical power to ready the area's staff along with the capabilities of the future and also aiding New Yorkers that have actually been actually left acquire a first step".

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