Following the death of George Floyd in May 2020, North Central University held a memorial service. During the ceremony, the Minneapolis, MN-based institution announced that it had created the George Floyd Memorial Scholarship, according to a news release. “It is time to invest like never before in a new generation of young black Americans who are poised and ready to take leadership in our nation,” North Central University President Scott Hagan, Ph.D., said per the news release. He added, “So, university presidents, let’s step up together.” Hagan’s call to action for fellow college and university presidents to establish their own George Floyd Memorial Scholarship sparked a movement. Schools such as the University of Minnesota, University of Michigan, Ohio University, and more went on to create their own. However, as the fourth anniversary of Floyd’s passing is coming up, North Central University’s scholarship in his remembrance is receiving pushback. According to NBC News, on March...

Wells Fargo remains under the spotlight as investors respond to the financial giant’s recent announcement of workforce reduction plans. The news, which surfaced in late 2023, revealed that Wells Fargo CEO Charlie Scharf shared plans to cut the company’s workforce, anticipating severance costs ranging between $750 million to $1 billion during the fiscal fourth quarter of last year. This strategic move follows earlier layoffs at Wells Fargo disclosed last month, totaling 11,300 jobs or 4.7% of its workforce in 2023. The company’s approach under Scharf’s leadership aims to maintain a workforce presence near its various hubs across the United States. Why Are The Wells Fargo Layoffs Happening The decision to reduce headcount comes in the wake of Wells Fargo’s ongoing efforts to navigate challenges in the economic landscape. Last month, Scharf highlighted the necessity of these payments, citing the need for the company to adjust its workforce amid persistently low turnover rates. In...