Reported 23 days ago
In response to criticism regarding employee overwork after the tragic death of Bank of America employee Leo Lukenas III, both Chase and Bank of America are implementing new measures to limit working hours. Chase plans to cap junior investment bankers' hours at 80 per week, while Bank of America is introducing a timekeeping tool to enforce accountability. These changes aim to combat the toxic work culture prevalent in the banking industry, highlighted by Lukenas' death and subsequent discussions among employees seeking better work-life balance.
Source: YAHOO