Big Tech pledged billions to ‘racial justice’ amid BLM protests. Now they’re laying off thousands
March 17, 2023 | Laurel Duggan | Print Article
Daily Caller News Foundation
America’s top tech companies collectively pledged billions to various causes purporting to advance racial justice and the Black Lives Matter movement following the murder of George Floyd. Now, as the tech industry has been battered, they’re laying off substantial portions of their workforce and closing job openings.
Since the peak of the Black Lives Matter movement in 2020, Amazon, Apple, Facebook, Google and Microsoft have pledged at least $5 billion into nonprofits and business plans focused on racial equity since 2020, including massive funding commitments to black-owned businesses, according to data compiled by the Claremont BLM Funding Database. The companies have laid off tens of thousands of workers in recent months amid inflation, high interest rates and fear of a possible recession, according to CNBC News.
Following the murder of George Floyd by the police in May 2020 and the ensuing national protests, many companies made pledges to financially support the BLM movement and fight systemic racism and racial inequities; by August 2021, America’s top corporations had pledged a collective $49.5 billion to the movement, according to data compiled by The Washington Post.
https://www.bizpacreview.com/2023/03/17/big-tech-pledged-billions-to-racial-justice-amid-blm-protests-now-theyre-laying-off-thousands-1341825/
