Only 3.7% of Intel Workplace Is Black

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By Douglas A. McIntyre Updated Published
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Only 3.7% of Intel Workplace Is Black

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Despite some feeble efforts by Intel Corp. (NASDAQ: INTC) to diversity its worker base, only 3.7% of its workforce is black. This is against 13.2% of the general population.

Blacks are not the only group underrepresented on the chip company’s payroll. The white representation is 50.8%. Men make up 74.5%.

Intel says it is far from its diversity goals. The reality is that it is very, very far away.

Management wrote in the Intel Diversity Progress Report, Mid-Year 2016:

Since setting our diversity and inclusion goals in January 2015, we’ve diligently conducted research, collected data, and implemented creative solutions to help propel us towards a new era of innovation. Mid-way through our second year, we’re closer to reaching full representation of women and underrepresented minorities in our US workforce—but there’s still a great deal of work to be done. At Intel, we believe it’s critically important to share our successes and our failures, both to hold ourselves accountable as well as help other companies learn from the process.

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The progress is painfully slow enough that Intel has a large chance of not making it at all.

In January of 2015, we set an ambitious goal to be the first high tech company to reach full representation of women and underrepresented minorities in our US workforce by 2020. We committed $300M to support this goal and our efforts span these core programs and objectives:

  • Achieve full US workforce representation through focused hiring and retention programs.
  • Grow the pipeline of technical talent for the industry at large with innovative partnerships with schools, colleges, and universities.
  • Improve diversity in our supply chain and invest in diverse entrepreneurs of emerging technologies.
  • Support women in gaming and other online communities with innovative programs like Hack Harassment, which aims to combat online harassment.
  • Continue to share our progress and show our belief in transparency by publishing our results every year. It keeps us accountable and we hope it encourages others to be equally transparent.

Given the height of the hurdles, the chance of clearing them is small.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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