Intel Corporation Released Its Diversity Report 2015

by MarkJ Guillen CEO

The chipmaker has presented an unimpressive forecast for the current year but the analysts remain bullish on the company.

Intel Corporation released its Diversity Report 2015, according to reports by USA Today. As per the diversity report the company has mentioned some figures that seem promising for the upcoming year however, it still have some room for improvement.

Additionally, Brain Krzanich, the chief executive officer of the technology giant stated that by the end of 2020, it will be filled with female and minority representatives. Danielle Brown, the chief diversity officer stated that the goal for the year 2015 was 40% and the percentages of the year have helped the company surpass the goal.

The company provided a breakdown in its diversity report, according to which in 2015, 35.5% new hires were women while 11.8% were the minorities that include Hispanic, African Americans along with Native Americans. Furthermore, because of the new hires, the total female representative in the company grew by 1.18 percentage points.

On the other hand, there was a decline in the number of Hispanics that were hired – the 0.8% point’s results in a concern among the management however the African American count remained flat. In the year 2015, the total number of employees hired by the technology company was 53,672.

Another achievement for the company was that it managed to narrow down the gap that was in between the pay of men and women working in the organization. Despite the fact that it managed to hire a number of people and also decrease the pay gap, a number of people were concerned about the fact that the business did not hire enough African Americans. In 2015, the women count increased to 13,299 and back in 2014 the number of women working in Intel was around 11,836.

Furthermore, the number of Hispanics working in the firm in 2015 was 3670 while in 2014 this number was at 3533. For the year, it only added a few Hispanics to its workforce which indicates a decline on 0.08 percentage points. This is not a new issue in the Silicon Valley community – the problem of not having enough women and minorities in the industry has also been a major diversity issue.

The major leaders at Silicon Valley which include Apple Inc. and Twitter Inc. have had the spotlight on them because of the same issue as well.

On the other hand, Intel Stock has been on somewhat of a downward trend since the beginning of the New Year as the demand for PCs had declined during the year. The chipmaker has not been able to make its shareholders happy this year – even though it reported a healthy top and bottom line result, the stock of the chipmaker company declined by as much as 5%.

Wall Street analysts however remain bullish on the Intel Corporation as they believe that the company will bounce back in the upcoming quarters. Initially the analysts at Goldman Sachs have a rating of Sell on the stock of the chip-manufacturer but not that has been upgraded to Neutral. The price target however has been brought by the analysts at $25 which was initially at $31.