By Nate Lanxon
4 April 2019
One year after U.K.-based businesses were forced to report their gender pay gap, there has been some change from tech companies, but not all of it in the right direction.
Facebook Inc. is now paying female staff less on average, but has hired more women in senior positions. Amazon.com Inc., which still employs about the same number of men and women in top jobs, has improved the gap in average pay, while Uber Technologies Inc. and WeWork Cos both revealed a sizable pay gaps.
In April 2018, employers with 250 or more staff in the U.K. were required for the first time to publish data on their gender pay gaps, including the mean and median difference in average hourly wages, bonuses, and what percentage of each pay quartile goes to women.
There were a couple of notable new entries into the report. Uber, which now employs enough people to make its gender pay gap reporting mandatory, revealed it pays women 8.9 percent less than men, and women occupy 32.9 percent of top jobs at the ride-hailing firm.
Read the full article in Bloomberg News.