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In 2014, Google started publishing employee demographic data and pledging to invest in major initiatives to recruit a more diverse workforce, spending at least $265 million on the efforts.

Why it matters: Google has been thrown into the controversy over Silicon Valley's lack of diversity and sexist culture by an internal memo by a (now former) employee ascribing some of the tech industry's gender gap to biological differences. The memo also suggested the company's efforts to hire a more diverse workforce have been ineffective.

On that point, the memo isn't far off. Axios took a look at the data released by the company over the last few years.

Expand chart

Bottom line: Despite Google and its parent company's public statements in support of diversity in technology and multiple outreach and community programs, it seems to have made little headway since it began publishing its workforce demographic data three years ago. For example, U.S. Latino employees now make up 5% of the overall workforce and professional jobs, up from 3% each in 2013, and women now hold 13% of leadership positions, up from 8%. At the same time, black employees still only make up 2% of all U.S. jobs, 2% of technical ones, and 3% of executive roles.

Google declined to provide additional information when asked how it evaluates the effectiveness of its efforts, pointing to its diversity website.

Some progress: Of course, it can be argued that these changes take time. Google has also highlighted the demographic makeup of each year's new hires to show results from its efforts. In 2015, for example, 21% of its new technical hires were women, while women held only 19% of all tech jobs at the company at the time.

Methodology: Axios used government EEO-1 reports filed by the companies that shows the racial and gender breakdown of their U.S. employees. We used "Professional" employees as a proxy for technical jobs, though the category does include other professions like accountants and lawyers.

Go deeper

University of Michigan reaches $490M settlement in sex abuse case

Jon Vaughn, a former University of Michigan and NFL football player, speaks at a press conference in Ann Arbor, Mich., in June 2021. Photo: Bill Pugliano/Getty Images

The University of Michigan on Wednesday reached a $490 million settlement with over a thousand survivors who allege that they were sexually assaulted by a former physician in the school's athletic department.

Driving the news: "It's been a long and challenging journey and these survivors have refused to remain silent," attorney Parker Stinar said Wednesday.

3 hours ago - Technology

3D printing's next act: big metal objects

Chief Scientist Andy Bayramian makes modifications to the laser system on Seurat's 3D metal printer. Photo courtesy of Seurat Technologies.

A new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and carbon footprint of mass manufacturing.

Why it matters: 3D printing — also called additive manufacturing — has been used since the 1980s to make small plastic parts and prototypes. Metal printing is newer, and the challenge has been figuring out how to make things like large car parts faster and cheaper than traditional methods.

Rising rates may hammer the stock market

Illustration: Sarah Grillo / Axios

Stocks are much more vulnerable to interest rate swings than they used to be.

Why it matters: A sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher.