Layoffs are stressful for everyone, but they can hit Black and Latine workers especially hard. In June, the jobless rate for Black Americans rose to 6.8%, up from 6% in May, according to the Labor Department, as reported by CNN. Job hunting is already a full-time job, and the pressure intensifies when hundreds of people are competing for the same role. Feeling uncertain about your job? Have you just been laid off and struggling to find your next job? Here are a few tips that may help alleviate your work anxiety. Stay
Group Black, originally founded to channel ad dollars into Black-owned media, is expanding its reach to a broader audience, Business Insider reports. The company has rebranded as Group Black Holdings and is now targeting what it calls “Gen Next,” a values-driven audience that cuts across race, age, and background. Bonin Bough, Group Black’s co-founder and chief strategy officer, maintains that Group Black is “evolving—not abandoning” its foundation. The company is expected to share more details on September 8. Portrait Media Group: A New Venture As part of its rebrand, Group Black announced
Meek Mill is reportedly developing an AI tool that will transform lives. “Working on a ai tool that can change the world lol,” the rapper wrote on X (formerly Twitter) on August 31. He has been teasing the project on X in recent weeks, suggesting it is one of his most ambitious ventures yet. “I can’t wait to get a chance to show the world how smart I really am!” he said on August 25. Days later, on September 2, he added: “I have some genius tech guy that’s building
The temporary surge in funding for Black startup founders after George Floyd’s murder was driven largely by investors who had never previously backed a Black entrepreneur, and most showed only surface-level support, new research from Cornell University shows. Funding returned to prior levels within two years. Cornell researchers analyzed PitchBook data on venture funding from 2020 to 2023, using algorithms and manual review to classify the race of 150,000 founders and 30,000 investors. Surge in funding in the wake of Black Lives Matter The researchers found that at the height
Wells Fargo has quietly changed its public-facing DEI language, removing all diversity language, according to HR Brew. The outlet compared the financial services company’s current website with an earlier version recovered from an internet archive. The program is now framed as “inclusion and accessibility,” a rebrand that mirrors a wider corporate trend of softening or rephrasing diversity commitments amid political and legal backlash. Wells Fargo quietly deleting DEI from its website In February, Wells Fargo announced that it would no longer need hiring managers to consider a diverse slate of candidates
The UK wants more African companies to choose London when raising money on the stock market, a British trade official told Semafor. Tracey Austin, a senior director at the Department for Business and Trade (DBT), said attracting more African IPOs has become a top priority. “The UK is trying to be more inventive to sell London as a financial services center from where companies can attract global capital, not just a place to do business in and leave,” Austin said. African Companies Are Already Raising Billions in London Between 2010
Troodie, a new AI-powered social commerce platform, is using AI to bridge the gap between viral food content and real-world diner behavior, helping diners discover food spots, influencers earn, and restaurants grow. “That place you saw on TikTok? Save it on Troodie, keep scrolling, and know that you’ll be reminded to stop by,” the company states on its website. Founded by Charlotte-based entrepreneur Taylor Davis, Troodie officially launched last month during National Black Business Month. Helping Diners Save, Organize, and Visit Food Finds Between social media, word of mouth, and
Civil rights and privacy advocates are demanding an investigation into the New York Police Department’s (NYPD) use of facial recognition technology after it led to a Brooklyn father’s wrongful arrest, as first reported by The New York Times. The Legal Aid Society is now calling for a formal investigation, accusing the NYPD of violating its own policies around the use of facial recognition. Human rights organizations are also renewing calls for a complete ban on the technology. Brooklyn Father Wrongfully Arrested Trevis Williams, 36, was arrested in April after NYPD
The current job market is tough. In the tech market specifically, employment across all sectors declined by approximately 214,000 jobs in April, according to the tech trade association CompTIA, which analyzes data from the Bureau of Labor Statistics. It’s even harder for Black workers to find a job as unemployment among Black Americans rose to its highest level in more than three years. In June, the jobless rate for Black Americans increased to 6.8%, up from 6% in May, according to the Labor Department, as reported by CNN. So, how can you stand
Sahel Capital, a private investment firm dedicated to expanding Africa’s agribusiness sector, has announced that its Social Enterprise Fund for Agriculture in Africa (SEFAA) has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund. The partnership, funded by MEDA Mauritius, will contribute to expanding financing for small and medium-sized agribusiness enterprises across sub-Saharan Africa. “Since the inception of the Fund in 2021, we have processed 33 facilities to 18 companies in 7 countries in SSA”, Mezuo Nwuneli, Managing Partner of Sahel Capital, said in a press release. SEFAA’s strengthening
