JPMorgan, Amazon, and Other Corporations Pledge to Hire 100,000 Minorities
The CEOs of banks, tech companies, and consulting firms recently pledged to hire 100,000 minority New Yorkers, according to CNBC.
27 firms created the New York Jobs CEO Council, aiming to hire 100,000 people from low-income Black, Latino, and Asian communities by 2030. Co-chairs of the organization include JPMorgan Chase CEO Jamie Dimon, IBM CEO Arvind Krishna, and Accenture CEO Julie Sweet.
The CEOs are “coming together to try to tackle one of society’s big problems, which is getting inner city school [children], largely minority, getting these kids through school and with a high-paying job,” Dimon said Tuesday.
The coronavirus pandemic has exacerbated income inequality in US cities. This has led to furthering job losses and health implications for low-income neighborhoods. In May, the Federal Reserve announced that 40 percent of lower-income Americans lost their job.
The New York Jobs CEO Council will be led by Dr. Gail Mellow, former LaGuardia Community College president. The 100,000 minorities the group aims to hire includes 25,000 students from the City University of New York.