1 big thing: Big Tech's daunting gender math
Correcting the gender imbalance at Big Tech firms like Apple and Google could take more than a decade, even if those companies commit to making women a majority of new hires, Jennifer Saba writes at Reuters Breakingviews.
Why it matters: Silicon Valley faces unprecedented scrutiny from the public at large, and the male dominance at these firms is an increasing sore spot.
The big picture... "There’s one decisive way to make a difference: for companies to set clear gender targets when they hire."
By the numbers, per the Reuters calculator:
- "[A]t 200 companies surveyed, women made up 36 percent of entry level positions in the technology sector but just 27 percent of middle-management positions. The figures were worse for positions at vice-president level or above."
- "Say Google, Facebook and Apple committed to 51 percent of new staff being women – pretty close to the overall makeup of the labor market.
- "Based on the rate their workforces expanded last year, and assuming one in five existing workers quit and are replaced annually, it would take Apple 15 years to reach parity. Google would do it in 14, and Facebook in a faster-but-still-slow seven years.
- "Small steps make a big difference. Set a truly bold goal of six in 10 new hires being women, keeping all else constant, and all three companies would achieve parity within six years."
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3. 1 fun thing
"When J.J. Abrams was a 'Star Wars' novice, Lawrence Kasdan, the writer of 'The Empire Strikes Back' and 'The Return of the Jedi,' had some advice for him: 'Star Wars' is not important," the AP's Jake Coyle reports: