Major US Companies form Group to Improve Minorities Employment

Highlights

  • US Companies such as Google, Microsoft, Goldman Sachs also join hands
  • The economic crisis had a major impact on the U.S. economy, especially the low-income and minority communities
  • Anti-racism protests have put pressure on U.S. companies to diversify the workplaces

A new Council of US Companies

A group has been formed by the leaders of the top U.S. companies which is focused to increase the hiring rate of individuals from the minority communities in New York.

The New York Jobs CEO Council consists of chief executives from 27 different firms. The council aims at hiring 100,000 people from low income communities in the United States- Blacks, Latinos and Asians by the year 2030. The group will be co-chaired by Jamie Dimon, chief executive of JPMorgan Chase and Co, Aravind Krishna, CEO at IBM and Julie Sweet, CEO at Accenture.

According to a press statement, the major US companies like Google, Microsoft Corp, Amazon.com Inc, and Goldman Sachs are also part of the new council.

Coronavirus affected the minorities

The U.S. Companies have been under lots of pressure since the Black Lives Matter campaign hit the streets of the nation after George Floyd, a 46-year-old African American was brutally murdered in the streets by a white police officer.

Also, the minority communities in the U.S. have also been massively struck by the ongoing viral outbreak. There has been a huge proportion of coronavirus deaths in the low-income communities.

“Today’s economic crisis is exacerbating economic and racial divides and exposing systemic barriers to opportunity”, Dimon commented in an opinion piece in the Wall Street Journal on Monday.

“Young people in low-income and minority communities feel this failure the most. Unless we actively work to close the gap, COVID-19 will make matters worse,” said the opinion piece which was co-authored with Felix V. Matos Rodriguez, the chancellor of the City University of New York.

How far corporate America has come in creating a fair and equal workplace for minorities?

It has been more than five decades since affirmative action became law, thrusting the issue of racial diversity in the workplace to open. Many companies still struggle to increase the number of people of color in workforces. The minorities still struggle with institutional racism behind the closed door.

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