A diverse, equitable, and inclusive (DEI) organization brings unique perspectives and ideas that make the enterprise more innovative, productive, and resilient. In addition, it promotes equality of opportunity and treatment at all levels of the employment relationship, including recruitment, retention, promotion, remuneration, and training.
Top technology companies are focusing on racial equity and working towards lifting underrepresented groups such as Asians, Blacks, and Hispanics. Apple committed an additional $30 million to its Racial Equity and Justice Initiative in August 2021. Alphabet invested $50 million in American historically black colleges and universities in 2021 to address the diversity gap in the technology sector.
Cognizant, Qualcomm, NVIDIA, Meta, and Apple are the major technology companies with a significant representation of underrepresented groups.
Cognizant is a provider of information technology (IT), consulting, and business process outsourcing (BPO) services. In 2021, the representation of Asian employees in Cognizant offices in the US was 60% which decreased by 8 percentage points from 2020. Black and Hispanic employees represented 6% and 3.8% of the workforce.
Qualcomm designs and manufactures digital wireless telecommunication products and services. The company offers integrated circuits and system software for wireless mobile devices. In 2021, the representation of Asian employees in Qualcomm offices in the US was 61.7% which increased by 0.8 percentage points from 2020. Black & African American and Hispanic & Latino employees represented 1.5% and 4.8% of the workforce.
NVIDIA designs and develops graphics processing units, central processing units, and system-on-a-chip units for gaming, professional visualization, data center, and automotive markets. In 2022, the representation of Asian American employees in NVIDIA offices in the US was 49.2% which increased 2 percentage points from 2021. Black & African American and Hispanic & Latino employees represented 2.4% and 3.3% of the workforce.
Meta, formerly Facebook Inc, provides social networking, advertising, and business insight solutions. In 2022, the representation of Asian employees in the Meta offices in the US was 46.5%, an increase of 0.8 percentage points over 2021. Hispanic and Black employees represented 6.7% and 4.9% of the workforce.
Apple designs, manufactures, and markets smartphones, tablets, personal computers (PCs), and portable and wearable devices. In 2021, the representation of Asian employees in Apple offices in the US was 27.9% which increased by 0.9 percentage points from 2020. Black & African American and Hispanic & Latinx employees represented 9.4% and 14.8% of the workforce, respectively.
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