Most recently, companies have invested billions in diversity and inclusion initiatives to improve these long-standing inequities and increase representation of marginalised workers. Data shows the most significant of these investments, particularly in tech, came in the wake of 2020’s Black Lives Matter movement. In many cases, these initiatives showed promising results; for example, before Elon Musk’s takeover of Twitter in late 2022, the company received positive press for hiring more black employees: in US locations, the numbers went from 6.9% to 9.4%. The same year, the US-based telecommunications conglomerate Cisco documented a 120% increase in black vice presidents, beating diversity targets they’d originally set for 2023.
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