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IBM, Amazon, JPMorgan, and other corporations pledge to hire more candidates from marginalized communities in NYC

Aug 11, 2020, 23:23 IST
Business Insider
Clodagh Kilcoyne/Reuters
  • On Tuesday, 27 CEOs, including the CEOs of American Express, IBM, and Amazon, announced the creation of the New York Jobs Council. JPMorgan CEO Jamie Dimon, IBM CEO Arvind Krishna, and Accenture CEO Julie Sweet will co-chair.

  • The goal of the group is to hire 100,000 workers Black, Latino, and Asian, along with low-income workers by 2030.

  • 25,000 of those jobs will be given to students of The City University of New York, using student support networks to guide job applicants to in-demand professions.
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On Tuesday, 27 CEOs announced the creation of the New York Jobs Council. The aim is to hire 100,000 workers from Black, Latino, Asian, and low-income communities within the city. The goal is to have these roles filled by 2030.

The companies include American Express, IBM, and Amazon. Jamie Dimon, chief executive of JPMorgan, IBM CEO Arvind Krishna, and Accenture CEO, Julie Sweet will be co-chairs of the council.

This comes after a summer of calls froth both employees and consumers to make workplaces more diverse and inclusive spaces after the death of George Floyd sparked demonstrations in all 50 states.

"The economic crisis brought on by COVID-19 has had a disproportionate impact on low-income communities of color, and our recovery starts with investing in them," said New York City Mayor Bill de Blasio in a statement. "I'm thankful the New York Jobs CEO Council is joining us to promote economic justice and provide opportunities for our City's diverse workforce. Together, we will build back our economy fairer and stronger than ever before."

Even before the pandemic, which has disproportionately affected Black, Latino, and Asian communities, unemployment in the Bronx was 85% higher than in Manhattan. The Bronx is 43% Black, while Manhattan is 17% Black.

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The council will team up with The City University of New York (CUNY), to "support student learning and the development of in-demand career pathways." This partnership will provide 25,000 jobs of the 100,000 pledged.

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