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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Leadership

Why Etsy Sets a Higher Standard for Diversity and Inclusion in Tech

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In 2005, three men in a Brooklyn apartment founded an e-commerce startup to sell crafts and homemade goods. Today, Etsy employs about 1,000 people and ranks among the world’s Fastest-Growing Companies (No. 16 on Fortune’s 2019 list). 

As it has grown, the company has prioritized inclusivity and cultivated one of the most diverse employee bases in tech, an industry that has historically struggled to overcome a homogenous workforce. In the Fortune video above, Etsy executives and employees explain how their diverse team contributes to a strong company culture on the day-to-day—and ultimately, long-term success.

While 41.7% of Amazon’s employees and 40% of Ebay’s employees are female, Etsy employs 55.8% women. Plus, the company is managed by a 50-50 balance of women and men in leadership positions, whereas most tech companies maintain overwhelmingly male leadership. 

A report from the National Center for Women and Information Technology found that while females comprise 57.3% of the U.S workforce, only 26% of tech jobs are held by women. However, at Etsy, nearly 38.4% of employees who work in tech roles are female, a proportion greater than that of Ebay, Google, and Facebook, among others.  

Of the companies listed above, Etsy is the only one to include a category for non-binary employees on its diversity report, labeled as “other awesome gender identities,” which further demonstrates the company’s commitment to inclusion.

This article has been updated to reflect Etsy’s most recently reported employee demographics.

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