The bank’s chief executive, Jane Fraser, said the lender had grown bloated and needlessly bureaucratic.
Category: Labor and Jobs
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Auto Strike by U.A.W. Could Have Wide Economic Effects
An extended walkout by the United Auto Workers in a contract dispute could raise car prices and affect jobs at the companies’ suppliers.
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UAW Standoff Poses Risk for Biden’s Electric Vehicle Commitment
A looming auto industry strike could test the president’s commitment to making electric vehicles a source of well-paying union jobs.
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Restaurants Agree to Raise Pay to $20 an Hour in California
The deal will avoid a ballot fight over a law passed last year that could have resulted in higher pay and other changes opposed by restaurant companies and franchisees.
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Bharat Ramamurti, a Senior Biden Aide Who Helped Shape Economic Agenda, Is Leaving
Bharat Ramamurti supported the president’s competition agenda and pushed the administration to do more for student borrowers and salaried workers
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A Painter of Japan’s ‘Lost Decade,’ Finally Found
Tetsuya Ishida’s prescient and terrifying works arrive in New York.
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Should We Really Be Texting for Work?
Work has already invaded our homes, evenings and weekends. Now it’s coming for the fun part of your phone.
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Restaurants and Unions Agree to Raise Pay to $20 an Hour in California
The deal will avoid a ballot fight over a law passed last year that could have resulted in higher pay and other changes opposed by restaurant companies and franchisees.
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How Child Care in New York City Became Unaffordable for Nearly Everyone
Even upper-middle-class New Yorkers are struggling with the soaring costs of child care. So are the workers they pay.
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States’ Paid Leave Plans Could Help Protect Caregivers’ Savings
It’s not unusual for people caring for family members to tap their retirement accounts or go into debt to pay bills. Some states are trying to help them avoid that.
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Australian Workers at Three Energy Plants Halt Work
The labor action at liquefied natural gas plants, responsible for about 6 percent of the world’s supply of the fuel, came as talks over pay and work conditions stalled.