Posts tagged banking
Why a big bank and a big tech company are raising wages
September 18, 2025 // Everyone who works at Bank of America will soon make at least $25 an hour, the company announced Wednesday. Amazon is also raising pay for people who work in its fulfillment centers and in transportation to more than $23 an hour, on average, and paying for more of their health care costs. That adds up to around $50,000 a year for full-time employees.
JPMorgan Chase CFO issues stern warning to employees
May 20, 2025 // During JPMorgan Chase’s annual Investor Day presentation, the company’s CFO, Jeremy Barnum, said that managers have recently been instructed to wind down hiring, pushing them to work better with their current employee headcount, according to a recent report from Business Insider. "At the margin, we're asking people to resist head count growth where possible and increase their focus on efficiency," said Barnum.