Additional Coverage:
- Mastercard slapped with $26 million discrimination lawsuit after being accused of underpaying thousands of employees (newsbreak.com)
Mastercard, a major credit card company, has settled a lawsuit alleging racial and gender discrimination. The company will pay $26 million to 7,500 female, Black, and Hispanic employees who were allegedly underpaid and denied promotions compared to their white and male counterparts.
Investigators found evidence of bias in Mastercard’s hiring and promotion practices. The company denies any wrongdoing but has agreed to hire a psychologist to identify bias and conduct pay equity audits.
The settlement is awaiting approval by a federal court. It is considered a significant step towards addressing pay equity and discrimination in the workplace.