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PricewaterhouseCoopers (PwC), a major player in the accounting industry, has recently revised its diversity and inclusion initiatives in response to legal and social pressures in the United States. With a workforce of 46,000 in the U.S., PwC’s adaptations signal a significant shift in corporate diversity strategies. The firm has altered its approach following a Supreme Court ruling against race-conscious university admissions, which has wider implications for employment practices. This change has led PwC to eliminate race-based criteria in its student internship program and professional accounting exam preparation scholarships. These initiatives

In a striking turn of events, the renowned rapper Snoop Dogg’s ad campaign for Solo Stove backfired, resulting in the exit of the company’s CEO, John Merris. The campaign, which cleverly hinted at Snoop Dogg giving up smoking, ultimately failed to boost sales as expected.  The “Smokeless” Campaign In a bold marketing move, Solo Brands aired a commercial in which Snoop Dogg announced he was “giving up smoke,” leading many to believe he was quitting his well-known affinity for weed.  However, the ad was a clever ruse for Solo Stove,

“DEI must DIE,” Elon Musk, the world’s wealthiest person, boldly declared in a Twitter/X post on December 15. “The point was to end discrimination, not replace it with different discrimination.” The South African Tesla and Twitter/X owner doubled down the following day, adding, “‘Diversity, Equity and Inclusion’ are propaganda words for racism, sexism and other -isms. This is just as morally wrong as any other racism and sexism.” Who benefits from DEI? Diversity, Equity, and Inclusion initiatives aim to rectify historical and ongoing discrimination by providing equal access and opportunities

Vanessa Kingori OBE, chief business officer at Condé Nast Britain and Vogue European business advisor, is set to leave the media giant to join Google in 2024.  Among her many accolades, the Kenya-born media mogul was the first Black publisher for Condé Nast Britain and the first woman publishing director in British Vogue’s 105-year history. Top role at Google Her new position as Managing Director of Tech, Media, and Telecoms at Google marks a strategic shift for the accomplished executive. She forms part of a trio of female senior executive hires. “We

Black women remain the fastest-growing group of entrepreneurs, more than doubling in number since August 2019, according to a new report by GoDaddy Venture Forward. GoDaddy Venture Forward is a research initiative that quantifies the impact of over 20 million microbusinesses on their local economies and provides a unique view into these entrepreneurs’ attitudes, demographics, and needs. In August 2023, Venture Forward completed its 10th national survey with responses from over 6,000 small business owners across the US and UK. Black microbusiness ownership  Most of the businesses surveyed were microbusinesses,

For almost six years, I’ve sat in on investor meetings and made deals with startup teams committed to disruption. I’ve seen entrepreneurship in its greatest form, and as an early-stage investor, I’ve been part of getting exciting ideas off the ground and into the marketplace. Uniquely, my career as a founder-turned-investor has been surrounded by nuanced advocacy for social equity and fair opportunities, driving me to relentlessly champion underrepresented voices and create a level playing field for all. Early in my career, I worked closely with the leadership gender gap

The New York City Economic Development Corporation (NYCEDC) has announced the launch of the Venture Access Alliance. Comprising over 70 investors, the Alliance aims to build a more inclusive tech startup ecosystem in New York City. A more inclusive startup ecosystem New York City is the second largest tech ecosystem in the world. Over 30% of businesses in the city are minority-owned, and there has been a noticeable surge in Black-owned businesses. The Alliance is part of NYCEDC’s broader Venture Access NYC program, which aims to increase diversity in the city’s startup

Atlassian has agreed to acquire video communication platform Loom for $975 million.  The acquisition will ramp up Loom’s asynchronous video collaboration tools to tap into the demand fueled by the adoption of hybrid work. The journey to unicorn status Loom is an asynchronous (async) video messaging tool that helps users communicate through instantly shareable videos. Founded by Vinay Hiremath, Shahid Khan, and Joe Thomas in 2015 in San Francisco, CA, it boasts 25 million users in 1.8 million workplaces. The platform became increasingly popular during the pandemic, with a $1.53

Ghanaian fintech startup Dash is reportedly closing its doors following a tumultuous journey filled with accusations of financial misconduct. According to WeeTracker, Dash held a company-wide meeting on October 3, during which the news of impending layoffs and the closure of the company was delivered to its employees. The innovative startup, which offered an alternative payment network, had raised over $85 million in under five years from major investors. Early success Founded in 2019 by Prince Boakye Boampong, Dash initially made significant strides in the fintech sector. Boampong was a

Global payments giant Visa is partnering with the UK government’s Department for Science, Innovation and Technology (DSIT) to co-fund data science and AI scholarships for students from underrepresented backgrounds. The partnership stems from the UK’s National AI Strategy, which set out a vision to strengthen the UK’s position as an AI and science superpower over the coming decade. The Launch of Visa’s AI Scholarships The partnership aims to increase diversity in the technology sector, assisting women, Black students, disabled students, and those from lower socioeconomic backgrounds. Visa said the scheme

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