Microsoft’s recent decision to lay off its Diversity, Equity, and Inclusion (DEI) team due to “changing business needs” has stirred controversy within the company, Business Insider reports. Internal Email Criticizes Microsoft’s Commitment A prominent leader from the DEI team, whose identity has been confirmed by Business Insider, sent an email to thousands of Microsoft employees. The email criticized the company for deeming DEI work “no longer business critical or smart” as it was perceived in 2020. This message resonated strongly across the organization, reflecting a sense of betrayal among employees
Business leaders have acknowledged that their companies are lagging behind in their diversity efforts, according to a new report by The IN Group. The “UNLOCKED: Tech and the Boardroom” report surveyed 705 C-level executives in the UK, US, Germany and Netherlands. In today’s competitive business environment, diversity, equity, and inclusion (DEI) have become critical components of organizational success, however companies are falling behind. We’re falling behind, Say C-level execs In the report, 3 in 4 (76%) respondents confirmed that they have a diversity and inclusion strategy in place when it
Data workers are exposing the severity of exploitation in the tech and AI industry through the Data Workers’ Inquiry. As part of the community-based research project, 15 data workers joined the Distributed AI Research (DAIR) Institute as community researchers to lead their own inquiry in their respective workplaces. Funded by the Distributed Artificial Intelligence Research (DAIR) Institute, Weizenbaum Institute, and Technische Universität Berlin, the project sheds light on labor conditions and widespread practices in the AI industry. The Plight of African Content Moderators Fasica Berhane Gebrekidan, an ex-content moderator for
South Africa’s leading digital bank, TymeBank, has successfully raised $77.8 million in a pre-Series C funding round. The round was co-led by African growth-stage investor Norrsken22 and global impact investment firm Blue Earth Capital. This increase of capital brings TymeBank’s total raised funds to over $260 million, marking a milestone in the bank’s growth and expansion plans. Existing investor Tencent, which spearheaded TymeBank’s $180 million Series B round in December 2021, also participated in this round, further increasing its stake to become the third-largest shareholder. Strategic Investments and Growth Launched
On July 6, 2024, Serena Williams discussed her journey in founding WYN Beauty at the 2024 ESSENCE Festival of Culture, presented by Coca-Cola. Participating in Beautycon’s “Passion to Profit” panel series, Williams discussed her journey with the vegan makeup brand she launched this year. A Journey Rooted in Passion Williams shared that her interest in beauty began during her childhood in Compton, California. Inspired by her mother’s minimal yet impeccable approach to beauty, Williams developed a fascination with makeup. “You kind of had to be fabulous growing up in Compton,”
Minka, a Colombian cloud-based fintech startup, has embarked on an expansion plan to bring its innovative financial solutions to Africa. This move aims to replicate its success in Latin America by addressing the continent’s financial inclusion challenges and leveraging the growing digital payments market. Launching in Eastern and Southern Africa On July 2, 2024, Minka officially launched its operations in East Africa, marking its first expansion phase. The fintech company began its journey in Kenya, Tanzania, Uganda, and Ethiopia and plans to expand to Southern African markets such as Mozambique,
Group Black, a media network founded in 2021 to channel ad dollars to Black-owned media, is undergoing significant leadership changes, according to Business Insider. Travis Montaque, co-founder and CEO, has taken a leave of absence, as confirmed by sources close to the matter, although he remains listed as CEO on the company’s website. This development comes amidst a series of high-profile departures from the company’s C-suite, indicating a period of instability for the young enterprise. Key Leadership Changes The leadership turmoil at Group Black began with Montaque’s leave, followed by
In a recent viral TikTok video, user Monte Washington challenged the narrow stereotype of “Black jobs” by showcasing the diverse and successful careers of Black professionals. This video emerged as a response to controversial comments made by former President Trump during a presidential debate, where he claimed immigrants were taking jobs from Black and Hispanic people. “They’re taking Black jobs now, and it could be 18, it could be 19 and even 20 million people,” Trump said during his debate. This statement, perceived by many as racially charged, spurred a
Dwight Jackson, a 27-year-old Black man, has filed a lawsuit against the Shinola Hotel in Detroit, Michigan, after he found changing his name on a resume led to a job interview. According to Detroit News, the lawsuit alleges that Jackson was initially denied a job interview due to his real name but was subsequently offered an interview after changing his name on his resume to “John Jebrowski.” This act led Jackson to take legal action, claiming that the hotel’s hiring practices violated the Michigan Elliott Larsen Civil Rights Act. “John
Operation HOPE and OpenAI CEO Sam Altman have launched an AI Ethics Council to help ensure marginalized poplations and people of color are included in the AI developments. The announcement comes amid criticisms of OpenAI, Meta, and other major players in the AI space lacking diversity on their boards and decision-making bodies. A Historic Partnership According to a press release, OpenAI’s partnership with Operation HOPE, a leading nonprofit dedcated to financial literacy for underserved communities, began with a listening tour at Clark Atlanta University in spring 2024. During this tour,
