Employment

JPMorgan Chase unveils second-chance hiring policy

Skyscraper building of JP Morgan seen in Hong Kong.
A JPMorgan building in Hong Kong. Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

As part of a trend of increased corporate activism, JPMorgan Chase will announce Monday a new public policy agenda that includes an expanded effort to help people with criminal backgrounds re-enter the workforce.

Why it matters: JPMorgan Chase Chairman and CEO Jamie Dimon said providing second chances helps businesses "reduce recidivism, hire talented workers, and strengthen the economy."

Private equity takeovers result in significant job losses

Someone pulling the hire and fire lever.
Illustration: Lazaro Gamio / Axios

Private equity takeovers result in significant job losses, according to a landmark new study by Josh Lerner of Harvard Business School and Steve Davis of the University of Chicago.

Why it matters: Private equity regularly defends its employment record by citing a 2011 study by the same two academics.