Aug 13, 2020, 10:00 EST
Bronx, United States, Aug 13, 2020, 10:00 /Comserve / -- Various tech giants and banks form New York’s dominant industries have pledged to create the New York CEO Council to hire 100,000 minority New Yorkers. As many as 27 firms have banded together in this initiative.
New York, USA, 11, Aug 2020- Various tech giants and banks form New York’s dominant industries have pledged to create the New York CEO Council to hire 100,000 minority New Yorkers. As many as 27 firms have banded together in this initiative.
This council is aimed at hiring people from low income Black, Asian and Latin communities by 2030. It is a nonprofit council which will work with the city, the universities, and various other groups to create apprenticeships and to create new curriculums over the next 10 years. It is an initiative which includes 27 major companies such as Goldman Sachs, Verizon, Amazon, and JPMorgan, among others. The initiative will be led by Dr Gail Mellow, who was recently the head of LaGuardia Community College at the City University of New York (CUNY). It will be co-chaired by CEOs of various companies Jamie Dimon of JPMorgan Chase, Julie Sweet of Accenture, and Arvind Krishna of IBM. Other members include CEOs of Google, Microsoft, Amazon, Goldman Sachs, Blackrock and Ernst & Young, among others.
The initiative has been brought because of the inequalities that have come in place, backed by the growing concern of the corona virus pandemic crisis. As many as 40% of lower-income people in America lost their jobs because of the pandemic. With this initiative, these firms will be using their collective power to prepare the city’s workforce with skills for the future and help other minority New Yorkers who are left behind. The focus would be on giving training to the needy to get entry-level technology jobs, for example, teaching useful computer languages to students. The initiative would also be on offering 25000 apprenticeships to students from CUNY. These colleges traditionally serve students of colour and from low-income families.
This initiative began before the COVID pandemic but must be rushed as the income and health inequalities are at an all-time high now. Many people in New York have been stuck at low-paying jobs with low hope of any kind of advancements and with this council, the firms would try to make an effort to break this problem. As per May 2020, approximately 33 million people have filed for unemployment benefits which includes more than 1.8 million New Yorkers too. To help ease things, the New York State Department of Labor told that unemployments benefits worth USD 6.8 billion has already been paid since the pandemic’s beginning which is more than three times the USD 2.1 billion that the department paid as unemployment benefits in 2019.
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