BREAKING NEWS: TTC (The Tech Talent Charter has announced this morning that they are closing in the face of a shifting landscape. In the last few months, we have seen a politically fuelled culture war, an all-out attack on DEI and a clear slimming down of allies in this space which has lead to what has been described by TTC as the quiet quitting of DEI commitments across the industry Debbie & Karen the Co-Founders of TTC said 'Against an increasingly challenging business environment: ● Your D&I budgets are being squeezed - and in some cases, cut entirely. ● Those of you in D&I roles are asked to manage everything from DE&I to the ESG agenda and non-related work — so your budgets are shrinking, and your scope is increasing. ● You’re seeing a growing - and very worrying - trend in the rise of anti-woke D&I backlash and corporate DEI fatigue. In short, the challenges are different now. So the approach needs to change too. The truth is that many companies are ‘quiet quitting’ on diversity and inclusion. Increasingly, D&I initiatives are performative at best – and a fig leaf for poor behaviour at worst. If we are to continue driving impact with fit-for-purpose solutions, we must recognise the changed landscape and reframe the business case. After all, repeatedly measuring a table that is too small will not make it any bigger.' What do you think about this?
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Girls In Tech Closes Its Doors After 17 Years Founded in 2007 by Adriana Gascoigne, Girls in Tech Inc., a global nonprofit dedicated to advancing women in technology, has closed due to insufficient funding. Despite having 130,000 members in 50 cities across 38 countries, the organization struggled financially, particularly in recent years. In 2022, Girls in Tech moved its headquarters from San Francisco to Nashville to optimize operations and reduce costs. However, this strategic shift wasn't enough to overcome their financial challenges. In June, Gascoigne warned that without raising $100,000, the nonprofit faced imminent closure. Despite a fervent fundraising campaign, the funds were not secured. On Monday, an announcement confirmed that without critical funding for 2023 and 2024, the organization had no choice but to cease operations. Over its 17 years, Girls in Tech significantly promoted diversity, equity, and inclusion in the tech workforce, investing in female entrepreneurs, conducting hackathons, and offering boot camps to upskill women in tech. As Gascoigne wrote on LinkedIn, “While Girls in Tech bids you farewell, the journey towards equality doesn’t end here. Together, we can create a future where diversity and innovation thrive.” As we reflect on the closure of Girls in Tech, we must ask: How can we ensure the sustainability of initiatives that drive diversity and inclusion in technology? [as reported by POCIT]
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Alexandr Wang, cofounder and CEO of Scale AI, a startup with a $4 billion valuation caught the attention of some fans on Twitter (x) this week pointing out a new initialism somewhat similar to DEI. Meet “MEI,” short for “merit, excellence, and intelligence”. Naturally the fan (and they usually are men so) boys and critics of corporate diversity, equity, and inclusion (DEI) initiatives are latched on to it including the usual suspects of Elon Musk, Sequoia partner Shaun Maguire, and Coinbase CEO Brian Armstrong, all of whom have previously criticized corporate DEI programs as Yahoo helpfully reminds us😅 Now to be fair to him he does say... "There is a mistaken belief that meritocracy somehow conflicts with diversity. I strongly disagree. No group has a monopoly on excellence. A hiring process based on merit will naturally yield a variety of backgrounds, perspectives, and ideas."🙌🏾 Although its a bit worrying where he conflates "losers" with some of his hiring practices or dubious behaviours which he himself recognise are Illegal. "We will not pick winners and losers based on someone being the “right” or “wrong” race, gender, and so on. It should be needless to say, and yet it needs saying: doing so would be racist and sexist, not to mention illegal."🤔 For those who have tried to weaponize his words based on the idea that that anyone, regardless of background or upbringing, can succeed through hard work we have some news for you...💁🏾♀️ More on this and other stories in this weeks edition fo the colorintech newsletter! https://lnkd.in/d9bsbvK
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