A recently published study found that tech companies that publicly supported the Black Lives Matter movement have fewer black employees than those that didn’t.
How we got here: In the aftermath of George Floyd’s death, companies across many industries released public pledges to voice opposition of racial injustice and statements expressing backing of the Black Lives Matter movement. According to Market Watch, two-third of the biggest companies in the U.S. issued similar statements.
The numbers show that tech companies’ promises of support for the black community do not match the demographics of their workforces. Blendoor, a startup that helps firms improve their diversity ratings, published findings after it reviewed publicly available data on 240 tech companies that they released over the course of the last six years.
The organization found that those companies that didn’t make BLM pledges had more black employees than those that vowed solidarity. According to Blendoor, which advocates for greater minority representation, companies that were publicly supportive of the movement had 20% fewer black employees on average, compared to firms that did not make such statements.
Why it matters? The study insinuates that companies are quick to pay lip service to social justice battles.
Worth noting: Bloomberg, which first reported on the findings, highlights that the total amount of the pledges is over $4.6 billion, which is double that of the pledges made in the last six years.
Other stats: The study analyzed different information based on which it drew various conclusions. For example, Blendoor says that, according to the numbers, Asian women are the least likely to work in executive roles.
It also rated companies on minority and gender representation. HP Inc. scored the highest for having employed minorities in leadership positions, Pinterest Inc. had the best programs and policies for recruiting women, and McKesson Corp. topped the list for supporting women in leadership.
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