Snap agrees to pay $15 million to settle gender discrimination lawsuit [Verge, The]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Verge, The
Share this story Snap Inc., the parent company of Snapchat, has agreed to pay $15 million to settle a gender discrimination lawsuit from the California Civil Rights Department. The lawsuit stemmed from a three-year investigation that found that Snap allegedly failed to “ensure that women were paid or promoted equally.” The allegations span Snap's period of rapid growth from 2015 to 2022, when the California-based company increased its headcount from 250 to more than 5,000. During this time, California's civil rights agency claims Snap paid women less and offered them fewer promotions when compared to male employees. Additionally, the lawsuit claims that women at the company “were routinely subjected to unwelcome sexual advances and other harassing conduct so severe or pervasive that it created a hostile work environment.” When women complained about their work environment, they allegedly faced retaliation in the form of denied promotions, negative performance reviews, and termi
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SNAP
News
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SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 6/28/24 - Form 144
- 6/28/24 - Form 8-K
- 6/20/24 - Form 4
- SNAP's page on the SEC website