The Tech Talent Charter (TTC), a diversity-focused organizaton partly funded by the UK government, has announced that it is closing. Founded in 2015, the TTC aimed to bridge the diversity gap in tech by collaborating with industry leaders to foster a more inclusive environment. Despite significant achievements, shifting industry priorities and economic pressures have led to the difficult decision to dissolve the organization. The Tech Talent Charter When the TTC was launched, women held fewer than 15% of tech roles in the UK, and broader diversity data was scarce. Over
Diversity, equity, and inclusion (DE&I) within the tech industry over the past five years has seen a decline, a new report from Tech Talent Charter (TTC) highlights. The UK not-for-profit’s 2023 annual benchmarking report points to carelessness, budget cuts, and a shift in priorities as factors threatening to reverse progress. Concerning Changes And Leadership Buy-In The TTC report warns of “concerning changes” across the tech landscape, citing a lack of leadership commitment and a risk of DE&I initiatives becoming performative rather than intentional. It emphasizes the importance of genuine efforts
Recent data from Crunchbase reveals that there has been a disproportionate decline in venture funding for Black-founded startups in the United States. A Fall Below The $1B Threshold Last year, these startups secured only $705 million in funding, marking the first time since 2016 that the figure fell below the $1 billion threshold. This sharp decline of 71% in funding to Black-founded companies starkly contrasts with the 37% decrease in overall U.S. startup funding, highlighting a widening gap in investment allocation. This drop signifies a declining share of Black-founded startups
Diversity, equity, and inclusion (DEI) commitments have seen a downward trend from its high point in 2020. New data from ROI communications has shed light on the state of DEI-related budgets, diversity officer roles, and predictions for the future of corporate DEI. A Decline From 2020’s high point Roles for DEI first increased following the Black Lives Matter protests in 2020, with tech companies, in particular, pledging to boost their diversity efforts. A global leadership consulting firm, DDI found that many companies are regressing their DEI programs. According to Bloomberg,
