Tuesday, August 11, 2020 6:56:32 PM
August 11 2020 - 11:31AM
Dow Jones News By Shan Li
https://ih.advfn.com/stock-market/NASDAQ/alphabet-GOOG/stock-news/83047593/major-companies-commit-to-hiring-100-000-low-incom
Chief executives at 27 of the biggest companies, including JPMorgan Chase & Co., Amazon.com Inc. and Google owner Alphabet Inc. have committed to hiring 100,000 low-income and Black, Latino and Asian New Yorkers by 2030 -- an effort that comes during a monthslong wave of protests about racial inequality.
The companies are launching an initiative called the New York Jobs CEO Council, which also will include other nonprofits and New York schools to prep students for jobs that will lead to careers, according to a statement. Chief executives who have signed on include Jamie Dimon of JPMorgan Chase, Jeff Bezos at Amazon and Sundar Pichai of Google.
A quarter of the jobs -- or 25,000 -- is pledged for students from the City University of New York's system, which is collaborating with the council to tweak its curriculum for well-paid careers, said Félix V. Matos Rodríguez, chancellor of CUNY.
That may include creating new classes or updating a curriculum in areas such as tech, which can be rolled out in all of CUNY's 25 campuses instead of just one or two, Mr. Rodríguez said. The goal also is to integrate paid internships and apprenticeships as part of the education on a wider scale.
"It is a game changer," said Mr. Rodríguez. Low-income students will gain valuable job experience, he said, and also earn money for tuition.
Rob Speyer, chief executive of New York real-estate company Tishman Speyer, said the recent Black Lives Matter protests have heightened urgency among companies to "do a better job of embracing diversity at the highest levels."
"There needs to be a new social contract between business and our communities," he said.
Julie Sweet, chief executive of consulting firm Accenture PLC, said she has seen a disconnect between what schools teach students and what the workplace demands. Accenture has learned first-hand over the past few years by launching an apprenticeship program and working with schools to prep students for jobs with a future, she said. The hope is that the same can be replicated with New York City students.
"Some will go into entry-level jobs, some will have apprenticeships and some will have learning and work experiences," she said.
Gail Mellow, executive director of the council and formerly the president of LaGuardia Community College, said the group has been studying models around the world, such as Switzerland, which has a system that firmly integrates school with hands-on job training from an early age.
"We don't want to reinvent the wheel," she said. "We want to learn from what's working."
Many details, including specifics about how companies will work with schools or how much money will be devoted to the project, are unclear. Ms. Meadow said that any new curriculum or apprenticeships would likely launch next year.
Write to Shan Li at shan.li@wsj.com
Recent GOOG News
- MongoDB and Google Cloud Collaborate to Optimize Gemini Code Assist for Developers Building Applications on MongoDB • PR Newswire (US) • 05/02/2024 10:00:00 AM
- Google Terminates Employees Over Protests Against Israeli Government Contract • IH Market News • 04/18/2024 12:20:50 PM
- Apple in Talks with Google to Integrate Gemini AI into iPhone, Shaping a New Era in Tech Collaboration • IH Market News • 03/19/2024 10:39:54 AM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback • IH Market News • 02/27/2024 02:14:46 PM
- FTC to Inquire to Microsoft's, Google's, Amazon's AI Partnerships • Dow Jones News • 01/25/2024 06:12:00 PM
- Lüm Mobile Taps Alepo's TelcoBot.ai for Generative AI Customer Service • PR Newswire (US) • 01/25/2024 04:00:00 PM
- Alphabet on Track for Record High Close -- Data Talk • Dow Jones News • 01/25/2024 03:45:00 PM
- Google to Settle Chip Patent Lawsuit With Singular Computing • Dow Jones News • 01/24/2024 07:15:00 PM
- Alphabet Division X Cutting Dozens of Staff, Bloomberg Reports • Dow Jones News • 01/22/2024 04:32:00 PM
- Alphabet on Track for Highest Close Since February 2022 -- Data Talk • Dow Jones News • 01/22/2024 03:36:00 PM
- AST SpaceMobile Gets Investments From AT&T, Google • Dow Jones News • 01/18/2024 10:00:00 PM
- Google to Invest $1 Billion to Build UK Data Center • Dow Jones News • 01/18/2024 06:51:00 PM
- Applied Materials, Google to Collaborate on AR Technology • Dow Jones News • 01/09/2024 01:12:00 PM
- Alphabet on Track for Highest Close Since April 2022 -- Data Talk • Dow Jones News • 12/20/2023 03:49:00 PM
- Trending: Alphabet to Pay $700 Million in Google Play Settlement • Dow Jones News • 12/19/2023 08:13:00 PM
- Trending: Epic Games Wins Antitrust Lawsuit Against Google • Dow Jones News • 12/12/2023 03:50:00 PM
- Alphabet on Pace for Largest Percent Increase Since July -- Data Talk • Dow Jones News • 12/07/2023 03:22:00 PM
- Google, Canada Reach Deal Over Planned Online News Law • Dow Jones News • 11/29/2023 08:05:00 PM
- Google, Canadian Government Reach Deal on Online News Act, CBC Reports • Dow Jones News • 11/29/2023 05:23:00 PM
- VMware and Google Cloud announce planned PostgreSQL-compatible Database Solution for traditional and generative AI applications on VMware Cloud Foundation • Business Wire • 11/07/2023 08:05:00 AM
- Match Group, Google Reach Binding Term Sheet in Legal Battle • Dow Jones News • 10/31/2023 09:29:00 PM
- Alphabet Ends Down 9.5%, Sees Largest Percent Decrease Since March 2020 -- Data Talk Update • Dow Jones News • 10/25/2023 08:59:00 PM
- Alphabet Down Over 8%, on Pace for Largest Percent Decrease in Almost a Year -- Data Talk • Dow Jones News • 10/25/2023 02:48:00 PM
- Stocks to Watch: Microsoft, Alphabet, Stride • Dow Jones News • 10/25/2023 12:16:00 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM