Following a lawsuit led by the General Treasurer of Rhode Island, social media company Pinterest has announced that it will be enacting a series of new diversity, equity and inclusion workplace reforms to settle a recent lawsuit against them.
Patrick Anderson of The Providence Journal reported that “the reforms are valued at $50 million and resolve shareholder complaints that Pinterest’s Board of Directors failed to respond to allegations of discrimination against women and people of color working at the company.”
In a statement, Rhode Island General Treasurer Seth Magaziner said the case was the “first of its kind to embrace diversity goals around a company’s product.”
