Sandberg said Facebook will invest $1.1 billion overall in support of the African American and other minority suppliers in the United States by the end of 2021.
As a part of its broader initiative, Facebook is pledging $200 million for African American businesses, creators, and non-profits that serve the community.
Over the next five years, Facebook has pledged to raise the representation of people of color in leadership positions by 30%.
Why It Matters
According to Facebook’s 2019 diversity report, 3.8% of all employees were of African American ethnicity.
Sandberg revealed that Facebook is already committed to hiring 50% of its workforce from underrepresented communities by the end of 2023.
