LAST UPDATED: June 24, 2020, 11:00 a.m. EST: Microsoft CEO Satya Nadella announced that Microsoft will invest $150m money for increasing Black leadership in the company. Microsoft corporate blogs post a detailed Blogpost on the official Microsoft website. In the article, Microsoft clearly indicates their vision of improving the condition and social status of the Black community in the company. They are planning to double the engagement of Black people in the corporation by 2025.
To address racial inequality and disparity faced by black people, Microsoft will invest $150 million into diversity and inclusion (D&I) — Microsoft
Microsoft will focus on “three multilayers” sustained effort to boost the well-being of Black-owned firms and Black leadership including the Hispanic and Latinx in the organization:
1. Following Culture of inclusion: Microsoft promised to set up the diversity and inclusion (D&I) momentum by adding an additional $150M of D&I investment.
2. Engaging ecosystem: Microsoft plans to do societal change throughout its ecosystem for increasing the new opportunities for black and African-American people.
3. Strengthening communities: The third effort of Microsoft is to use the power of data, technology, and partnership to help black communities to reduce social injustice and increasing well being of Microsoft’s own employees working in the organization.
Microsoft aims to double the number of it’s black and African suppliers in the next 3 years. For doing this, Microsoft will spend the incremental $500M money for existing and new suppliers. The company will ensure the follow up of their terms related to the black community and will assist Black-owned small businesses with a $50 million investment. Microsoft aims to make black people more stable and independent, economically.
Not just Microsoft, Apple also took a stand for increasing the participation of black people in organizations. Amazon Ceo Jeff Bezos openly shown the support of the black lives matter movement. Many tech companies also did several healing announcement to strengthen the black community around the world.