Google and Facebook to support Black people owned Businesses OrganisationsJun 22, 2020 10:41 AM
On the occasion of Juneteenth, Google and Facebook have announced that they are investing $175 million and $200 million respectively to support Black people owned businesses, organisations in the United States of America.
Silicon valley gaints are under lot of fire from the diverse background of people for making the Tech industry one of the difficult industries to get into for women, hispanic, black and other racial minorities. At the same time the user base of these companies has large number of people same minorities.
According to a self - report published in 2018 by these companies, Google employs only 2.5% of black people on its roll, while Facebook has managed to improve to 4% of black employees in 2018 from 2% in 2016.
Facebook's COO Sheryl Sandberg said in a statement that the company is also launching a new app called Life Black Voices. She also said that they are building a more diverse and inclusive workforce so we can better support communities around the world.
Alphabet and Google CEO Sundar Pichai announced that the $175 million is in addition to the Youtube's (which is part of Alphabet) $100 million fund to amplify Black creators and artists.
Apart from these monetary assitance to black owned businesses and non-profits these companies are also focusing to teaching digital skills to 1 million members of black and latino communities.
Coming to senior leadership positions at both the companies, Google said they will make sure to have 30% representation by 2025 and Facebook also declared to reach 30% black employees in leadership positions.