rtmark
LearnBonds.com

Facebook Inc (NASDAQ:FB) Lacks Workforce Diversity: Too White and Male for a Global Company

Facebook Inc. Ecommerce

Facebook Inc. (NASDAQ:FB) might have to do some damage control in the coming days in the light of fresh revelations about diversity in its workforce. The Telegraph reports that the new diversity numbers reported by Facebook is disappointing.

Facebook Inc. Workforce Diversity

Facebook has about 1.4B global users and the firm’s founder, Mark Zuckerberg has consistently promised to build a truly diversified workforce. However, the firm’s recent diversity count shows that Facebook has not made any significant stride towards meeting that promise.

Diversity By the Numbers

Globally, Facebook’s workforce is made up of 68% men and 32% women. The percentage of women working globally at Facebook increased 1% from last year. The number of men in tech jobs as Facebook is 84% dwarfing the 16% tech jobs that women handle at the firm.

The number of women in tech jobs increased by 1% from last year. More women than men are in non-tech jobs at Facebook at 52% in comparison to 48%. In senior leadership at Facebook, men occupy 77% while women occupy 23% of positions.

In U.S. ethnicity, the totality of Facebook’s workforce is filled with 55% white, 36% Asian, 4% Hispanic, 3% of mixed races, and 2% Blacks. In Tech jobs, Whites represent 51% of the workforce, Asians represent 43% of the workforce, Hispanics represent 3%, those with mixed races represent 2% and Blacks took 1%. In non-tech jobs, Whites are handling 62% of the positions, Asians take 24% of the job, Hispanics take 7% of the jobs, and Blacks handle 3% of the jobs.

In senior leadership positions, Whites are in 73% of the positions. Asians are in 21% of the positions, Hispanics were in 3% of the jobs and Blacks are in charge of 2% of the jobs.

Facebook Still Has a Long Way to Go

The strange part is that Facebook has increased its workforce by almost 40% when it added 2,897 employees to bring its total workforce to 10,082 in the last one year. Hence, the meager gains recorded in the number of positions handled by women and minorities doesn’t really add up. Facebook will need to do a harder job at bringing minorities on board if it wants to maintain its global reach and appeal.

Facebook seems to understand this when it said, “Cognitive diversity, or diversity of thought, matters because we are building a platform that currently serves 1.4 billion people around the world. It’s vital for us to have a broad range of perspectives, including people of different genders, races, ages, sexual orientations, characteristics and points of view. Having a diverse workforce is not only the right thing to do – it’s the smart thing to do for our business.”

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.