This year, six Black chief executives sit atop Fortune 500 companies, making up just over 1% of businesses on the 2022 ranking. Fortune magazine described the figure as “a noteworthy increase” from last year when only five Black CEOs ran Fortune 500 companies. But is it really? While this figure might seem like an amazing milestone to some, there’s still a long way to go. According to Investopedia, only 20 S&P 500 and Fortune 500 companies feature a LatinX CEO — or, only 4 percent. That said, that’s still a greater number
Honeycomb is hiring on pocitjobs.com Alayshia Knighten is a seasoned DevOps Engineer with a love of infrastructure and a focus on breaking down technical learning barriers for customers. She recently spoke to POCIT about navigating life in the tech sector as a woman of color and her role at Honeycomb, an observability tool that lets developers quickly make sense of the billions of rows of data needed to fully represent the user experience in your complex and unpredictable systems. Since joining Honeycomb as a Senior Implementation Engineer in October 2020,
After winning $1.3 million in scholarships himself, Christopher Gray founded Scholly, an app that helps students easily find scholarships for college. Scholly was featured on ABC’s Shark Tank, landing a deal with Daymond John and Lori Greiner and sparking the biggest fight in Shark Tank history. Scholly has over 4 million users and has helped students raise over 100 million dollars. It was first launched in 2015 with the simple goal of matching students with available scholarships: Input your age, interests, and other demographic information and Scholly would find potential fits. The idea,
Black tech entrepreneur Bill Spruill reportedly turned his employees into millionaires when he sold his startup Global Data Consortium for an undisclosed amount. Global Data, which he launched make in 2012, makes software that verifies the identity of people behind online transactions, an important step in eliminating potential fraud. Though financial details have not yet been revealed, Spruill described the deal to Axios as a “Bronto-level transaction,” which was acquired by NetSuite for $200 million in 2015. When Spruill started the Global Data Consortium he only raised $5 million from investors – this is rather
PagerDuty is hiring on pocitjobs.com PagerDuty is a known global leader in digital operations management, but the company, according to London-based EMEA senior sales director Ross Burrell, is also leading the way when it comes to a good working culture for its staff – particularly those from minority groups. “There’s an open-door policy,” he told POCIT when asked how he’s been able to grow at the company. Ross, a father and an experienced salesman said there’s no hierarchy issue at the firm, no micromanaging or aggression. Instead, you receive a
According to The Big Deal, less than 1% of all VC dollars went toward startups with one or more women founders last year, details investments in Africa. However, on a more positive note – depending on how you look at it, founding teams counting women and men as members raised 17% of VC investments in Africa in 2021. But the lack of investment in women-founded startups isn’t new. If we took a look back almost a decade ago – according to Briter Bridges, another publication that tracks VC investments in
Last year – Vishal Garg went from being the relatively unknown CEO of an online mortgage services company to being the boss who laid off 900 people on a Zoom call. The video and Garg went completely Now, the company says it will lay off another 3,000 employees, a third of its workforce. Sources familiar with internal happenings at the company told TechCrunch on Monday that the online mortgage lender Better.com was reported to be poised to lay off roughly 50% of its staff of about 8,000 this week. According to a Better.com
Kimberly Bryant, who founded Black Girls Code in 2011, released an official statement on December 30, days after the company’s board of directors suspended her after several misconduct complaints. The statement, which can be found on Twitter, said: “After obtaining legal counsel to address my unlawful suspension only days before Christmas, I spoke with ABC7’s Julian Glover to share additional details about concerns with members of the Black Girls. CODE board of directors.” She claimed the suspension was a part of an agenda to “impact a small, women-founded, women-led nonprofit” with women
According to a new study conducted by Thoughtworks, there are fewer opportunities for people from under-represented groups in the UK’s tech sector to hold leadership positions. The firm found – through its research – that out of 300,000 ethnic minorities in the UK in 2020, only 37% were in “positions of responsibility”, compared with 41% of their white counterparts. IT workers from ethnic minorities were also twice as likely to be in non-permanent positions than white workers. Amy Lynch, head of diversity, equity, and inclusion (DEI) at Thoughtworks UK, said:
Apple has just announced its supports for the Propel Center, A Global HBCU Leadership Hub, With $2M In Research Grants. Through the company’s Racial Equity and Justice Initiative, support from Apple will give HBCUs tools and resources to pursue new research and learning opportunities. Propel, and Apple are working together to help develop curricula and provide ongoing mentorship, learning experiences, and internship opportunities. Imagined in January 2021 by Ed Farm—an ed-tech nonprofit committed to transforming classrooms to uplift communities— and supported by founding partners Apple and Southern Company, the Propel Center
