Facebook outlines plans to increase workforce diversity

Facebook outlines plans to increase workforce diversity

Facebook’s Sheryl Sandberg on Thursday outlined plans to improve minority representation in the higher ranks of the company.

In a blog post on the social network’s website, the chief operating officer said Facebook will have 30 percent more people of color, including 30 percent more black employees, in leadership positions within the next five years.

Mark Zuckerberg’s right-hand woman said Facebook had already committed to making half its workforce come from “underrepresented communities by the end of 2023,” and to double its number of black and Latino employees in the next three years.

Hispanic employees currently make up 5.2 percent of Facebook’s workforce, according to its most recent diversity report, while black employees represent 3.8 percent.

“We know that more diverse teams will make better decisions and build better products,” Sandberg wrote. “We invest in increasing diversity and inclusion because we care about doing better at diverse communities all around the world.”

Sandberg also said Facebook would also be investing $ 100 million in black creators and black-owned businesses, with $ 75 million “in grants of cash and ad credits to support Black-owned businesses and nonprofits that serve the Black community.”

Facebook’s pledge matches Google’s stated goal of increasing the percentage of minorities in leadership by 30 in the next five years, and is the latest major pledge to support the black community from a giant Silicon Valley since protests gripped the nation in the wake of George Floyd’s killing at the hands of the last police. month.