10 women CEOs in tech who are working to bridge the pay gap
After Parag Agrawal’s recent appointment as Twitter CEO, everyone is talking about the long list of Indian-origin CEOs who have headed large tech organizations and still are. The list is illustrious, no doubt, but there’s something stark that should catch your eye - the gender disparity.
The list of Indian-origin CEOs heading big tech firms in the US includes only three women - Vimeo’s Anjali Sud, Flex’s Revati Advaithi, and Arista Networks’ Jayashree Ullal.
According to the World Economic Forum (WEF), the tech industry is booming and the first quarter of 2021 saw global venture investments touch $125 billion, a 94 per cent year-on-year increase. And as a report from WEF points out - “If a rising tide lifts all boats, why has the inclusion and participation of women in tech not also shot up?”.
The latest Global Gender Gap Report states that it is going to take 135.6 years to cover the gender gap worldwide. The average distance completed to parity is at 68 per cent and this is a step back by -0.6 percentage points since 2020. “These figures are mainly driven by a decline in the performance of large countries,” the report explained.
As founder and CEO of FinMkt Luan Cox points out, it is important to get more women into tech and more women leaders in tech. “It needs to start with changing the perception of what qualifies ‘a founder’ within our global culture: This begins by teaching and coaching young people that successful entrepreneurs are not classified or limited by gender. If young males are taught early that females can be impactful leaders and entrepreneurs, they will be more supportive and better able to recognize success. Young women should learn that they are equal to men, and can and must dream big: women must know that they can be even better business builders (especially in technology, life sciences and finance),” Cox said.