Andreessen Horowitz (a16z), one of Silicon Valley’s most influential venture capital firms, has paused its Talent x Opportunity (TxO) fund which was created to support founders from underserved backgrounds. The move, first reported by TechCrunch, includes layoffs of several staff members from the TxO team. On October 16, participants received an email from Kofi Ampadu, the a16z partner who led TxO, announcing the pause: “While [TxO’s] purpose has not changed, we are pausing our existing program to refine how we deliver on it.” The Talent x Opportunity Fund a16z launched
CBS News has disbanded its race and culture unit as part of sweeping layoffs at parent company Paramount Global that began on Wednesday. A former CBS News producer has accused the company of “race-based layoffs.” Mass Layoffs and Restructuring Last week, Paramount began laying off about 1,000 US-based workers, with plans to eliminate another 1,000 roles in the coming months. The 2,000 layoffs represent roughly 10% of the company’s global workforce. In a memo to employees, CEO David Ellison described the cuts as necessary to eliminate redundancies and “phase out roles that are no longer
Sequoia Capital’s chief operating officer, Sumaiya Balbale, stepped down from her role after partner Shaun Maguire made comments she considered Islamophobic, the Financial Times reports. In July, Maguire posted comments on X about New York mayoral candidate Zohran Mamdani, stating he “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda.” Maguire later said that his critique was targeted only at Islamism (the political ideology) rather than the whole Muslim population. Sumaiya Balbale leaves Sequoia Capital Balbale, who is a
Target announced it will cut 1,800 corporate jobs after trying to grow following four years of roughly stagnant sales and boycotts amid DEI backlash. In a memo sent to staff, Target’s incoming CEO, Michael Fiddelke, said the eliminated roles include about 1,000 employee layoffs and about 800 positions that will no longer be filled. “This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target’s next chapter of growth,” Fiddekele said in a company memo, shared by CNBC. “The
Target is spotlighting its partnership with Russell Innovation Center for Entrepreneurs (RICE), a program supporting Black small business founders with access, education, and community, amid ongoing boycotts over its decision to rollback DEI initiatives. In a press release published on October 20, 2025, Target detailed its partnership with RICE, which began in 2020 and was renewed in 2024. The release comes just months after CEO Brian Cornell stepped down, following low foot traffic and sales. Target’s partnership with RICE The RICE’s Retail Readiness Academy (RRA) has allowed Black founders to expand
Coaching and digital education company Career Love LLC is launching a free Career Love Community, a digital space helping Black women who have been laid off from their jobs. Founded by career coach and DEI Mercedes Swan, the initiative aims to provide a space where Black women can access resources, network, and support after experiencing job loss. “Black women are tired of surviving systems and spaces that weren’t built for us,” Swan said in a press release. “We deserve more, and I am excited to build a safe community where
Every year, on the second Monday in October, the US commemorates Indigenous Peoples’ Day to honor and celebrate Indigenous communities’ rich cultures, traditions, and contributions. Here, we shine a spotlight on some remarkable Indigenous leaders, past and present, who are pushing the boundaries of tech and inspiring the next generation. 1. Mary Golda Ross Mary Golda Ross was part of the Cherokee tribe and a great-granddaughter of Cherokee Chief John Ross. Her work as an engineer led her to be the first indigenous person in the US space program. She
Nvidia CEO Jensen Huang told his employees that the company will continue to sponsor H-1B visas and cover all associated costs after President Donald Trump’s new executive order imposed $100,000 fee on each new application. A H-1B visa allows employers to temporarily employ foreign workers in “specialty occupations” that require a degree or its equivalent. “As one of many immigrants at NVIDIA, I know that the opportunities we’ve found in America have profoundly shaped our lives,” Huang said in a memo sent to staff. Nvidia paying for the fees of
On Friday, October 9, Black Tech Fest (BTF) hosted its fifth annual festival, which brings tech professionals, creatives, and academics. BTF hosts a range of workshops and talks by some of the biggest names in the tech and creative industry. For the first time since its existence, the UK government declined BTF’s invitation to speak at the festival. BTF planned to ask the UK government questions related to biases in AI, mandatory ethnicity pay gap reporting, and the DEI pullback. As a festival that champions diversity and inclusion, it was
Burberry, a British fashion house, has cut Geoffrey Williams, the head of diversity, from his role. “As part of a wider restructure, Burberry has chosen to integrate responsibility for diversity, equity, and inclusion across the organization,” Williams wrote in a LinkedIn post. He continued: “This reflects a belief that DEI should be embedded throughout the culture and owned by leaders across the business. The successful transition from a centralised function to a shared responsibility will help ensure long-term sustainability.” Burberry scrapping diversity role Burberry is currently in the midst of
