Microsoft adds to diversity investment, aims to increase number of Black employees
The company said it will add another $150 million in diversity and inclusion investment to double the number of Black and African-American people managers, senior individual contributors, and senior leaders in the United States by 2025.
The death of George Floyd at the hands of Minneapolis police triggered protests in the United States against racial inequality, while also forcing companies to confront the discrimination that remains prevalent in Corporate America.
Earlier in the month, Alphabet Inc's <GOOGL.O> Google also said that by 2025, the company aims to have 30% more of its leaders from underrepresented groups.
Microsoft will take steps to address the needs of other underrepresented communities, including the Hispanic and Latinx community, across the company in the next five years, it said in a blog https://blogs.microsoft.com/blog/2020/06/23/addressing-racial-injustice post.
The company said it will also double the number of Black and African American-owned approved suppliers over the next three years and spend an incremental $500 million with those existing and new suppliers.
(Reporting by Ayanti Bera in Bengaluru; Editing by Maju Samuel)