JPMorgan Chase broadened its parental leave policy Thursday. The bank, starting Jan. 1, will give 16 weeks of time off to either parent for the birth or adoption of a child, regardless of whom is the primary caregiver, according to a memo seen by Bloomberg.
The “primary caregiver” clarification may come in recognition of a $5 million settlement JPMorgan agreed to pay in 2019 over a discrimination claim an employee filed, asserting the bank’s policy was biased against fathers.
