VMware Pledges to Attain Gender Equality by 2030 | Financial Buzz

VMware Pledges to Attain Gender Equality by 2030

VMware (NYSE:VMW) is set to attain gender equality by 2030, according to COO Sanjay Poonen. The software company has established 30 goals it intends to achieve by the end of this decade.

“We want to see more diversity in the workplace. We’re committed to having 50% of our managers be women,” Poonen said in a “Mad Money” interview.

One of the company’s programs, VMinclusion, aims to help women restart their careers after a pause by offering training and the necessary opportunities to reenter the workforce.

“We are deeply committed to fostering greater diversity and inclusivity within our organization as well as within the industry,” said Rama Nadimpalli, senior vice president & general manager, Cerner India. “VMinclusion Taara is a brilliant initiative to encourage a fair representation of women in the industry, making way for progress and a culture of unbiased meritocracy. Our relationship with VMware aims at facilitating and empowering women to take charge of their career growth.”

According to FactSet, VMware has approximately 31,000 employees with about 74% male workers and 26% female. Management roles showcase the gender gap as only 24% of the positions are occupied by women and about 76% by men.

Amid protests in 2020 highlighting the deaths of Black Americans such as Georg Floyd and Breonna Taylor, workforce diversity presented itself once more. 

“We want to hire one woman for every one male that we hire, and really see a more diverse workforce with underrepresented minorities and women,” Poonen said.

Shares fell 1.1% to USD138.68 Monday.