Intel Allocates $300 Million for Workplace Diversity
Last year, Apple, Google and other large tech companies faced a lot of criticism from civil rights organizations about a lack of diversity in their work forces.
Intel has taken a huge step to do something about it.
Intel has stated that the company’s workforce would better reflect the available talent pool of women and underrepresented minority groups within the US in five years. IF the plan words, it would increase the population of women, blacks, Hispanics, and other minorities at Intel by at least 14 percent during that time period.
Intel said that it has set aside a $300 million fund towards the next three years to improve the diversity within the company’s workforce. The funds will be used to attract more women and minorities to the technology field and make the industry more hospitable to them once they are established at Intel. the money will also be used to fund engineering scholarships and support historically black universities.
The company stated it would invest in efforts to bring more women into the games business, partly as an antidote to the harassment feminist critics and game developers have faced recently.
“This is the right time to make a bold statement,” Brian M. Krzanich, Intel’s chief executive said in a phone interview. Mr Krzanich announced Intel’s plans in a speech at the International CES, a large trade show in Las Vegas. “It’s kind of Intel’s culture. We marched by Moore’s Law. We say we’re going to reinvent Silicon every two years event hough we don’t really know how we’re going to pull that off.”
Most of the largest technology companies have released surprising reports showing that roughly 70 percent of their people are men and 30 percent are women. Depending on each specific company, blacks account for anymore from 2 to 7 percent of employees at big tech companies.
“There is no comparison,” said said Rev. Jesse L. Jackson Sr., the founder and president of the Rainbow PUSH Coalition, who has spoken to Intel about its plans. “It is far beyond at this point. I think others are going to follow their lead.”
Although, Intel’s goals still face the harsh reality that has been previously stated by many technology leaders: The supply of skilled workers from underrepresented groups, especially in engineering roles, is limited.
Hopefully Intel’s leadership movement on this issue will further encourage other companies to follow suit and take action, as well as make them realize that this is the moment.