The Silicon Valley has a big problem when it comes to gender diversity. Famous companies like Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Amazon.com, Inc. (NASDAQ:AMZN) have a highly unbalanced workforce; a vast majority of their employees are men. An article on The Street said that Facebook, Twitter Inc (NYSE:TWTR), Amazon.com, Inc. (NASDAQ:AMZN) and other major companies could increase their revenues and profits by balancing their workforce based on gender. Odd and strange it may sound but the source quoted a survey which claims that the companies could increase their profits and returns by 15% by adding more women in the top and key places of their management.
Twitter Inc (NYSE:TWTR) has always been lashed out by the media and other organizations on its very scarce percentage of women workforce. Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN)’s performance in this regard is also not impressive.
The source also quoted McKinsey, whose survey claims that increase gender diversity by 10% could increase earnings by 0.8%. This is because the companies having more gender diversity in their management and workforce could make products which are fit for the society.
Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Amazon.com, Inc. (NASDAQ:AMZN), despite of the pressure from various media and women organizations, didn’t improve their workforce gender balance. The role of women in their management and workforce is nearly around 20%, which is, of course, very low.
But the problem seems to be far bigger than the inclusion of women in Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) or Amazon.com, Inc. (NASDAQ:AMZN). According to a report, in the course of 5 years from 2009 to 2014, out of all the total tech jobs, only 26% were taken by women.
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Ken Griffin holds 4.58 million shares worth $307.87 million of Facebook Inc. (NASDAQ:FB).
