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Big tech layoffs may further disrupt equity and diversity efforts

January 6, 2023

Worklife

Big tech layoffs may further disrupt equity and diversity efforts

January 6, 2023

Photo by Ales Nesetril on Unsplash

2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt.

Surging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make it more difficult to improve diversity in one of the most sought-after industries, according to data from a research firm.

In recent years, U.S. tech majors have stepped up hiring and made diversity, equity and inclusion (DEI) a priority. But as the industry grapples with over-hiring since mid-2020, rising interest rates and changes in business and consumer behavior, tech companies have announced deep cuts, risking their diversity efforts.

Amazon.com Inc's layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, its CEO said on Wednesday. That comes to about 6% of its corporate workforce. Salesforce Inc said on Wednesday it planned to eliminate about 10% of its staff.

The rare shakeup in big tech companies risks further disrupting diversity pledges that have already grown stagnant as companies de-emphasize DEI efforts.

Companies including Meta Platforms Inc, Amazon.com, Twitter Inc and Snap Inc have together cut over 97,000 jobs in 2022 to deal with the slowing economy and shareholder pressures, according to a report from employment firm Challenger, Gray & Christmas Inc. That is up 649% from 2021.

Women and Latino workers represent 46.64% and 11.49%, respectively, of the tech layoffs from September to December 2022, while those segments make up 39.09% and 9.96%, respectively, of the entire industry, according to data from Revelio Labs Inc, a startup that analyzed data from tech layoff tracker Layoffs.fyi and talent database Parachute List by Rocket.


Read the full article: Read Here

2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years...
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