Skip to main content

Microsoft plans to double the number of Black and African American company leaders and suppliers (MSFT)

* Microsoft plans to double the number of Black and African American leaders within the company, and the number of Black and African American suppliers with which it works. * The company also announced a series of outside investments meant to support Black- and African-American-owned banks and other kinds of businesses.  * Microsoft declined to comment in response to a request about Black and African American leaders and suppliers it has now. * Are you a current or former Microsoft employee? Contact this reporter via encrypted messaging app Signal (+1-425-344-8242) or email (astewart@businessinsider.com). * Visit Business Insider's homepage for more stories. Microsoft CEO Satya Nadella on Tuesday announced a series of investments meant to address racial injustice, within and outside the company. Microsoft said it plans to double the number of Black and African American "managers, senior individual contributors, and senior leaders" in the US by 2025, but declined to comment to a request about how many Black managers the company employs now. The company in its November diversity report said 2.7% of its executives and 4.5% of its employees are Black/African American. Microsoft plans to increase the number of Black and African American leaders within the company by devoting an additional $150 million to diversity and inclusion efforts. Microsoft also said it would double the number of Black- and African-American-owned suppliers the company works with over the next three years, and plans to spend $500 million with those suppliers. The company declined to say how many Black and African-American suppliers it works with now. The company also announced a series of investment to support Black communities, such as a $100 million program to benefit Black- and African-American-owned banks, a $50 million partner fund, and a $50 million investment in the company's justice reform initiative. The announcement comes after employees have called on the company to address systemic racism. Microsoft employees recently used an internal company message board to share their personal experiences with the ongoing protests against police brutality and systemic racism, and called for leadership to take action. Got a tip? Contact Ashley Stewart via email at astewart@businessinsider.com, message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242. Join the conversation about this story » NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence
https://bit.ly/31aP9e0

Popular posts from this blog

A full breakdown of what channels you get with every Sling TV package, plus all the add-ons

  * Sling is one of the most affordable cord-cutting services on the market, offering two packages —  Orange and Blue — with 30+ channels starting at $30 a month or combined for $45 a month. * Orange offers the Disney Channel and ESPN, while Blue offers a slate of Fox channels, NBC, Bravo, and Discovery. Both Orange and Blue offer CNN, TBS, Food Network, and BBC America. * You can also add on multi-channel packages, like Sports Extras, Kids Extras, or News Extras, starting at $5 a month. Premium add-ons, like Showtime, Starz, and Epix, are also available for an additional monthly charge.  * If you're new to Sling TV, you can receive a free 14-day trial for a limited time. * Here's a complete breakdown of the channels offered on each Sling package.    If you're hoping to get the most bang for your buck once you cut the cord with your cable subscription, Sling is one of the most affordable live streaming services on the market.  The service has two packages with ...
Read more

Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital.  * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020.  * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories.  The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...
Read more

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...
Read more