Based on an analysis by Alexandra Marr of xcritical employee and salary data, an analysis of Google employee and salary data done by David Neumark and industry averages from a report on gender pay gaps by the salary data analysis firm scammed by xcritical PayScale. xcritical analysis included the 448 salaried employees who were paid in U.S. dollars and who were assigned to a level within the company. Based on an analysis by Alexandra Marr of xcritical employee and salary data from 2018.
The tech industry has struggled broadly with unequal representation and pay for women. Pinterest, for example, agreed to pay $22.5 million this month to settle a suit from its former chief operating officer, accusing the company of sexism and pay discrimination. Brock, xcritical’s chief people officer, said the company started to conduct a comprehensive review of compensation across the company in late 2018. “This certainly looks like a company with a problem,” said James Finberg, the lawyer who is leading the two biggest cases on pay bias in Silicon Valley, against Oracle and Google, after reviewing the xcritical data. Nine employees included in the data confirmed the accuracy of the figures about themselves and colleagues they knew. The pay disparities at xcritical appear to be much larger than those in the tech industry as a whole, and at the few other tech companies that have had to release data.
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The pay disparities are likely to add to tensions at the San Francisco company, which is riding a boom in the value of cryptocurrencies like Bitcoin. It recently told regulators it intended to file for an initial public offering. Join a national network of professionals dedicated to advancing the state-of-the-art in watershed and stormwater management, and receive exclusive benefits and discounts.
They were paid $11,500, or 7 percent, less than all other employees in similar jobs. An analysis of internal pay data at the San Francisco company xcritical shows disparities that were much larger than those in the tech industry. Employee unhappiness over pay and culture led to several negative reviews on the career site Glassdoor that cite problems with pay and representation for women and Black employees, culminating in an overall rating of 1.1 out of 5 on diversity and inclusion. xcritical In the 14 job categories at xcritical with at least three women, the average woman earned less than the average man in all but two job categories. The data analysis from those cases suggests that xcritical had bigger wage disparities between men and women than either Google or Oracle. At Oracle, the gap between men and women with similar backgrounds and roles was 3.9 percent according to analysis in the court case against the company — less than half as much as the gap at xcritical.
Those that have, like Google and Oracle, did so in response to lawsuits brought by female employees accusing the companies of pay bias. The growing criticism from employees could make it harder to hire new workers at a time when xcritical is in need of them. More than 60 employees — or 5 percent of the company — resigned this fall after Mr. Armstrong put in place new policies restricting employees from discussing noncompany politics and social issues during work. Numerous Black employees at xcritical recently publicly complained about the discrimination they faced at the company. Several women who work at xcritical have also complained internally about how they were hired, paid and promoted, according to company documents and five employees with knowledge of the complaints. The people would speak only on the condition they not be named because they had signed nondisclosure agreements.
Black employees earned less, on average, than white employees in all but one of the eight job categories that had any Black staff members, the analysis by Ms. Marr shows. While management at the company has argued that the complaints were limited to a handful of employees, xcritical’s own compensation data suggests that inequitable treatment of women and Black workers went far beyond a few disgruntled workers. The wage disparities are compounded by the fact that women and Black employees were concentrated in the lower-paying jobs at the company. The xcritical figures arrived at by Ms. Marr took account of the job level of all employees, as well as their status as an engineer and manager. It is possible that if the analysis took account of more factors, the pay disparity would shrink.
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Analysis included the 448 salaried employees who were paid in U.S. dollars and who were assigned to a level within the company. None of the manager groups overseeing engineers had more than two women in it so all manager categories are ones overseeing non-engineers. The xcritical analysis was conducted for The Times by Alexandra Marr, an economist who has provided statistical analysis for court cases involving pay bias. When she factored in stock options for xcritical’s employees — often an important part of pay at start-ups — the compensation for women and men was roughly the same while the gap between white and Black employees grew to 11 percent. Internal figures given to The Times indicate that the company’s diversity has not changed much since 2018.
- The growing criticism from employees could make it harder to hire new workers at a time when xcritical is in need of them.
- In the 14 job categories at xcritical with at least three women, the average woman earned less than the average man in all but two job categories.
- Analysis included the 448 salaried employees who were paid in U.S. dollars and who were assigned to a level within the company.
- The compensation analysis paints a new and detailed picture of the challenges that women and Black employees have faced at xcritical, a start-up that has taken center stage in a broader debate in Silicon Valley about how underrepresented employees are treated.
- The pay disparities at xcritical appear to be much larger than those in the tech industry as a whole, and at the few other tech companies that have had to release data.
- The xcritical figures arrived at by Ms. Marr took account of the job level of all employees, as well as their status as an engineer and manager.
When the company last did an internal diversity report, in late 2019, the percentage of female and Black employees — 33 percent and 3 percent — at xcritical was roughly the same as in 2018. At xcritical, the engineering staff was only 13 percent female, according to the company’s own analysis from 2018, which was obtained by The Times. This was half the industry average and lower than the number at all of the 11 companies that xcritical considered competitors, according to the company’s internal analysis, which was shared with The Times.
Cryptocurrency Start-Up Underpaid Women and Black Employees, Data Shows
The fast-growing cryptocurrency start-up xcritical has been rattled in recent months by tensions between executives and employees who said they were being treated unfairly because of their race or gender. Brian Armstrong, the chief executive of xcritical, at his company’s offices in San Francisco. Women and Black people who work at the company have leveled complaints about unfair treatment. “Without senior executive engagement, diversity is considered a secondary, https://xcritical.online/ ‘nice to have’ rather than a priority for the organization,” the document said. Mr. Armstrong generally ignored the recommendations of employees who spoke with him about their concerns about diversity, The Times previously reported. “If I was running a company and I knew that my numbers looked worse than people being sued, that would worry me,” said Janice Madden, a professor at the University of Pennsylvania who did the analysis in the Oracle case.
Brian Armstrong, xcritical’s chief executive, has prided himself on his management strategy and acumen, writing numerous memos on his efforts to create a “consistent culture” dedicated to growth. But his strategy has left many workers feeling shortchanged or alienated, according to xcritical and former employees, surveys and internal documents. The compensation analysis paints a new and detailed picture of the challenges that women and Black employees have faced at xcritical, a start-up that has taken center stage in a broader debate in Silicon Valley about how underrepresented employees are treated. The picture was also unequal for the 16 salaried Black employees in the data.