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11 August 2020 The investment bank JPMorgan, Amazon and a group of 27 big US companies have announced that they intend to hire 100,000 employees, to increase the employment of the under-represented groups in New York. This was announced by the co-presidents of the new organization, including Jamie Dimon, CEO of JPMorgan Chase, Arvind Krishna, CEO of IBM, and Julie Sweet, CEO of Accenture. Other early members of the CEO group include Amazon's Jeff Bezos, Microsoft's Satya Nadella, Google's Sundar Pichai, and Goldman Sachs's David Solomon.


Big US leaders say they intend to hire new employees, taking them from low-income Black, Latino and Asian communities by 2030. The coronavirus pandemic has contributed to exacerbating inequality in US cities. Nearly 40% of low-income Americans have lost their jobs since the coronavirus began its assault on the US economy. "Many New Yorkers are stuck in low-paying jobs that may be lost in the future or are struggling to continue navigating the job market" during the pandemic, Dimon said in the statement. "We are using our collective power to equip the city's workforce with the skills of the future and help New Yorkers who have been left behind to step in the door." The group will be led by Gail Mellow, former president of LaGuardia Community College, and intends to help companies hire people for entry-level jobs that put them on a career path. "The new initiative will play an important role in connecting disadvantaged communities with career resources and access to world-class New York educational institutions," said New York Governor Andrew M. Cuomo.