Source: Bloomberg
Summary
IBM agreed to pay $17 million to settle allegations by the US Department of Justice that it engaged in discriminatory hiring practices, specifically targeting Asian and African American job applicants. According to the DOJ, IBM’s practices violated Title VII of the Civil Rights Act of 1964. The settlement resolves the allegations without IBM admitting liability.
Our Reading
The announcement sounds ambitious.
IBM settles for $17 million, a familiar price tag for “committing to diversity.” The company promises to review and revise its hiring practices, because that’s what you do when you’re caught. This settlement is just another reminder that “diversity, equity, and inclusion” is often just a euphemism for “we got caught.”
Author: Evan Null
