Financial Mirror (Cyprus)

Women in Big Tech

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As the UN-sponsored Generation Equality Forum got under way in Paris this week, world leaders, philanthro­pists and private sector companies pledged $40 billion in new investment­s as part of a Global Accelerati­on Plan for Gender Equality. The Bill & Melinda Gates Foundation lead by example, announcing a $2.1 billion commitment to advance women’s leadership, reproducti­ve health and economic empowermen­t.

While progress has been made over the past decades, gender equality is still far from achieved, even in a sector considered as progressiv­e as the tech industry.

In fact, the technology sector is actually further away from achieving gender equality than the U.S. economy as a whole. While the percentage of women in the United States labour force has gradually climbed to 47% over the past decades, it is still significan­tly lower in the tech sector.

As our chart, based on self-reported company figures, indicates, female employees make up between 29% (Microsoft) and 45% (Amazon) of the total workforce at America’s largest tech companies, the so-called GAFAM group. Looking at actual tech jobs, that percentage drops much lower, as women take up fewer than 1 in 4 technical roles at each of the companies reporting such a figure (Amazon does not).

In terms of leadership positions, the status of women in the technology sector, as represente­d by its most prominent (and valuable) companies in our chart, is roughly on par with the rest of the economy. According to the latest available data, women hold 26.5% of executive, senior-level and management positions in S&P 500 companies – a percentage many tech companies match or exceed, but one that is still far from parity. (Statista)

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