One of Meta’s earliest employees is suing the company for sexual harassment, sex discrimination, and retaliation, according to a lawsuit filed this week in the state of Washington. Kelly Stonelake, who spent 15 years at the company and rose to the rank of director, alleges in the lawsuit she faced a cycle of gender-based discrimination […]
Early Meta employee sues for sexual harassment, gender discrimination Read More »
Mark Zuckerberg’s charity has told its employees it will remain committed to DEI even as Meta eliminates its DEI programs, The Guardian reports. Chan Zuckerberg Initiative (CZI), founded and co-led by Zuckerberg and his wife Priscilla Chan, reassured its employees after many began expressing concerns about recent changes at Meta as the company scales back
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Google will no longer have diversity hiring targets and will review its diversity, equity, and inclusion programs, according to an email sent to employees seen by the Wall Street Journal. Google now joins other tech companies rolling back DEI practices, especially as DEI practices come under fire from conservative groups. Amazon and Meta have also
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Amazon is now the latest company to curb some of its DEI programs, Bloomberg reports, after Meta announced that it, too, is ending its diversity efforts earlier on Friday. An internal memo that was sent to staffers said that the company was looking to wind down outdated programs and materials as part of a review
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Axios reports that Meta is eliminating its biggest DEI efforts, effective immediately, including ones that focused on hiring a diverse workforce, training, and sourcing supplies from diverse-owned companies. Its DEI department will also be eliminated. In a memo leaked to the outlet, Meta said it was making these changes because the “legal and policy landscape
Meta eliminates DEI programs | TechCrunch Read More »
PayPal is being sued by the founder of venture firm Andav Capital, Nisha Desai, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian, according to a suit filed this week. In 2020, PayPal made a $530 million commitment to support more Black and minority-led businesses in the
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The nonprofit organization 1863 Ventures, which focused on providing capital and mentorship to early-staged underrepresented founders, will close and become a for-profit entity called New Majority Ventures, according to its founder Melissa Bradley. The new organization will rely on a fiscal sponsor and is said to be in talks with The Tide Foundation for this
Non-profit 1863 Ventures has closed, reborn into for-profit New Majority Ventures Read More »
Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support
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The NAACP announced today NAACP Capital, a $200 million fund of funds to back fund managers focused on issues that impact people of color. The fund was conceived in partnership with Kapor Capital and Kapor Center, along with nine other venture fund managers. Last year, Crunchbase found that Black founders raised less than 1% of
NAACP launches $200 million fund of funds Read More »
Venture capital firm Fearless Fund and the American Alliance for Equal Rights (AAER) have entered into a settlement agreement that will see the firm shutting down its Strivers Grant program. The program, initially sponsored by Mastercard, aimed to provide $20,000 to small businesses owned by Black women. But Fearless Fund was sued by AAER, run
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