(Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
On the verge of its acquisition by Microsoft, video game publisher Activision Blizzard on Thursday released its first annual report on diversity and inclusion, and the results showed that the company has a long way to go before hitting its goals around increasing the representation of women and non-binary people in its workforce.
The gaming giant had faced pressure from shareholders and employees to reform its corporate culture and practices after a series of reports exposed rampant discrimination and harassment. The report is an attempt to follow through on promises to better track its progress on increasing diversity.
Among other changes, Blizzard Activision separated "Woman" and "Non-binary" gender identities in representation data, which is how the company was able to show that both groups made up 26 percent of the workforce in December, which is just over half of its 2025 goal.
"We'll continue to measure the impact of these changes, as we're confident this work will contribute to our goal of becoming the most welcoming and inclusive company in the industry," wrote Kristen Hines, the chief diversity, equity, and inclusion (DE&I) officer for Activision Blizzard, in a blog post.
"We also believe this will help us meet the commitment we made in 2021 to increase the percentage of women and non-binary employees by 50% over five years."
Updated March 24, 2023 at 2:38 p.m. ET to remove video clip. After the report aired, Activision offered additional information to clarify that the company increased gender diversity in December 2022 by a fraction of a percentage and 2 percent year-over-year.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."