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JPMorgan Chase orders staff back to office
JPMorgan Chase is set to enforce a return to the office for all staff five days a week, marking a significant shift from the hybrid working policies adopted during the pandemic. With over 300,000 employees globally, the bank’s chief executive, Jamie Dimon, has been a strong opponent of remote work. The new policy, which will…
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McDonald’s shifts diversity strategy
McDonald’s has announced a significant shift in its diversity practices following the U.S. Supreme Court’s 2023 ruling against affirmative action in college admissions. The fast-food giant plans to retire specific diversity goals for senior leadership and will discontinue a program aimed at enhancing diversity training among its suppliers. In an open letter, McDonald’s senior leadership…
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PayPal accused of racial bias in funding program
Nisha Desai, an Asian American businesswoman, has filed a lawsuit against PayPal, alleging racial bias in its $535m investment program, which she claims unfairly restricts funding to Black and Hispanic applicants. Desai, who leads the New York-based venture capital firm Andav Capital, said: “To PayPal and its executives, Asian Americans might be minorities, but they’re…
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U.S. port workers threaten to strike again
The International Longshoremen’s Association (ILA), representing 47,000 cargo handlers, is poised to strike on January 15, seeking stronger protections against automation. The union is in negotiations with the United States Maritime Alliance (USMX) after a previous strike in October secured pay concessions. However, unresolved issues regarding automation remain a sticking point, as the ILA demands…
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Trump backs visas for skilled workers
President-elect Donald Trump has sided with Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the program for foreign tech workers that is opposed by some of his supporters. Trump’s remarks followed a series of social media posts from Musk, the CEO of Tesla and SpaceX, who…
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U.S. Treasury says it was hacked by China in ‘major incident’
A Chinese state-sponsored hacker has broken into the U.S. Treasury Department’s systems, accessing employee workstations and some unclassified documents, American officials have said. The breach occurred in early December and was made public in a letter penned by the Treasury Department to lawmakers notifying them of the incident. The U.S. agency characterized the breach as…
