According to a Tuesday court filing, Mastercard has agreed to pay $26 million to settle a proposed class action lawsuit which alleged it underpaid female, Black, and Hispanic employees, as per The New York Times. Four Masterard employees who previously worked at the company believed it had hired women and workers of color into lower-paying roles. Their suspicions grew as employees received fewer raises and promotions than white men doing similar work. Additionally, the lawsuit charges Mastercard with violating federal laws banning pay discrimination and workplace sex and race bias.
After 20 years, Mellody Hobson will leave her board role at Starbucks. Hobson’s career at Starbucks began after she was recruited to serve on the Board by Howard Schultz in 2005; she became vice chair, chair, and independent director. “On behalf of everybody at Starbucks — and every partner who has gone before — thank you, Melody, for your leadership, your tremendous care, your passionate support, and for being a loyal shareholder,” Chairman and Chief Executive Officer Brian Niccol said in a statement to partners. Hobson at Starbucks Hobson spent
Lidiane Jones will step down from her role as CEO of Bumble Inc. and Founder and Executive Chair; Whitney Wolfe Herd will step in Jones’ place. Herd will transition to Chief Executive Officer, effective mid-March 2025. Jones said she is leaving her role due to personal reasons, according to a press release. “Bumble has made tremendous progress over the past year in building a platform for renewed, sustainable growth, and I will be forever proud of the work we’ve done for this beloved global brand,” Jones said. Whitney Wolfe Herd
Dr Angela Tabiri is the first African to win The Big Internet Math Off competition and wants other African girls to follow in her footsteps. Tabiri, also known as the ‘Maths queen’ in Ghana, “finds joy in solving puzzles and mathematical questions,” she told the BBC. The Big Internet Math Off A blog titled The Aperiodical created The Big Internet Math Off in 2018. They invite Sixteen mathematicians to compete for the title of “the world’s most interesting mathematician.” A public vote decides the winner, “Take a look at both pitches
Serena Ventures—Williams’ VC firm participated in a $10 million seed funding for Teal Health – a women’s health startup founded by Kara Egan (CEO) and Dr. Avnesh Thakor. The company, founded in 2020, was formed to create an at-home-self collect cervical cancer screening kit, which is under FDA review for the time being. During Thakor’s medical experience, he witnessed inadequate change in cervical cancer screenings and formed a self-collect prototype. “Teal Wand™ will provide women with an alternative to the traditional screening method with stirrups and a speculum, making it easier for
Looking for a job in this economy is grueling. In December 2024, NBC recorded that the unemployment rate in the US was at 4.2%, which is alarming considering unemployment rates had never been below 5% in the 1970s or the 1980s. The job market is slow, and it’s taking candidates several months or years to find new job opportunities. Aliyah Jones knows this experience all too well. After being out of work for several months, she launched an unemployment series on LinkedIn. The series garnered tons of attention, and Jones
Funding for female-led and female-founded ventures in Africa reached a five-year low in 2024, ‘Africa: The Big Deal’ reported. A five year low for Women-led ventures These figures are the lowest they’ve been since 2019, as female CEOs received only $48 million in funding in 2024. That number is four times less than in 2023. In contrast, $2.2 billion went to their male peers in 2024. Additionally, female CEOs only received 2% of the total invested last year. Funding for gender-diverse teams was slightly better as they received $123 million in
MSNBC’s Rashida Jones resigned from her role as president on Tuesday to pursue new opportunities on Tuesday, according to Bloomberg. Jones served as president for four years and was the first Black executive to head a major television network. Her resignation comes as the network’s parent company, Comcast Corp., prepares to spin offs several of its cable TV assets. Why is Rashida Jones stepping down from her role? “I came to this decision over the holidays while reflecting on our remarkable journey and the many successes we’ve achieved together as a team,” Jones
Navigating the tech industry as women of color is already challenging, but when layered with other marginalized identities, the obstacles become even greater. Marianna Di Regolo (she/her) and Cat Perez (she/they), the married couple behind Famm, are proving that innovation, resilience, and community-building can create meaningful change in this space. Building a Platform for Inclusivity Famm was born out of a personal and community need. Created as a marketplace spotlighting LGBTQ+-owned e-commerce brands, Famm recently launched a social network app for LGBTQ professionals. “As I navigated my gender identity, I struggled
IPSY, a beauty subscription service, will be collaborating with Gabrielle Union as the curator of its February Icon Box. The box will include makeup, skin, and hair products by Gabrielle Union to highlight Union’s journey of self-expression. Celebrating Black History Month In addition to curating an IPSY’s February Icon Box, Union will narrate IPSY’s upcoming Black History Month social campaign, “Black Joy Is Beautiful.” The short film celebrates the art of embracing, loving, and expressing your authentic self. The film will be released at the beginning of February. IPSY will also
