(Bloomberg) — After the murder of George Floyd last year prompted widespread protests, dozens of companies released public pledges to promote racial justice. However, their support of the Black community wasn’t reflected in the demographics of their workforces.
A new study of diversity in the technology industry found companies that made statements of solidarity had 20% fewer Black employees on average than those that didn’t. The finding highlights a gap between what companies say about social issues and what they do in their own workplaces, said Stephanie Lampkin, the founder and chief executive officer of Blendoor, which conducted the study set to be published Monday.
Blendoor, a startup that helps companies recruit a diverse group of candidates, crunched publicly available data on 240 of the most prominent tech companies. Despite the shortcomings of many companies that put out Black Lives Matter statements, the pledges could have a serious impact. Their financial commitments surpassed $4.6 billion, more than double the amount of pledges made in the previous six years combined, according to the report.