The company now faces another discrimination lawsuit over alleged bias.
JPMorgan Chase is facing a lawsuit by two former advisors, as the Black women employees claimed the company assigned them to poorer areas due to their race.
The move, they claimed, allowed male colleagues to steal clients from them while limiting their commission income potential. They deem the assignment as discriminatory, pushing Black advisors to low-income areas.
Furthermore, the women believed that the JPMorgan Chase bank branches systemically preferred White male advisors. This would bleed into gender-based discrimination as well, as the duo claimed white male advisors became authorized to take over client books as the women entered maternity leave.
The lawsuit called this practice a “stereotyped assumption” regarding women’s ability to maintain their work and return to it post- childbirth.
“This practice was built on the stereotyped assumption that women taking maternity leave — as opposed to men taking medical or other leaves — were likely not to return to the work force after having children or were more likely to prioritize their children over their work,” detailed the complaint.
JPMorgan Chase has weathered previous lawsuits over racial and gender discrimination in the workplace. Also highlighted in the lawsuit, this includes a $24 million settlement from a class action lawsuit filed by Black advisors. Following the settlement, Forbes also confirmed the company’s plans to enact bias training and a review of branch assignments in light of the discrimination claims.
JPMorgan Chase has vehemently denied these current allegations, stating that they intend to “vigorously defend” themselves in the legal matter. The company also emphasized their “strongest commitment to an equal workplace.”
RELATED CONTENT: Former JPMorgan Chase Employees Charged
Source: Black Enterprise
