financetom
Business
financetom
/
Business
/
Snap to Settle California Sexual Harassment Claims for $15 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Snap to Settle California Sexual Harassment Claims for $15 Million
Jun 20, 2024 6:01 AM

08:30 AM EDT, 06/20/2024 (MT Newswires) -- Snap (SNAP) has agreed to pay $15 million to settle claims of sexual harassment against it by female employees, the California Civil Rights Department said Wednesday.

According to the department, which found that Snap failed to treat female employees fairly between 2014 and 2024.

The Snapchat parent allegedly failed to ensure women were paid or promoted equally. "Instead, women encountered a glass ceiling and were told to wait their turn, were actively discouraged from applying for promotions, or lost promotion opportunities to less qualified male colleagues," the department said in a statement.

Women also "suffered unwelcome sexual advances and other harassing conduct," the statement said.

The agreement is subject to court approval, the department said. It added that $14.5 million will to compensate workers, and the company will be required to hire independent consultant to evaluate Snap's promotion and compensation policies. It will also hire a third-party monitor to audit its sexual harassment, retaliation, and discrimination compliance and ensure all employees receive training to prevent those issues.

Snap did not immediately reply to MT Newswires' request for comment.

Price: 15.86, Change: +0.06, Percent Change: +0.38

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ServiceNow raises annual subscription revenue forecast on AI-driven tools demand
ServiceNow raises annual subscription revenue forecast on AI-driven tools demand
Jul 23, 2025
July 23 (Reuters) - ServiceNow ( NOW ) raised its annual subscription revenue forecast on Wednesday, signaling robust demand for its artificial intelligence-enabled software designed to automate digital operations. Businesses are widely adopting cloud-based enterprise solutions from vendors including ServiceNow ( NOW ), Salesforce ( CRM ) and Freshworks ( FRSH ) to streamline operations and boost productivity amid the...
Whitecap beats Q2 oil and gas revenue estimates
Whitecap beats Q2 oil and gas revenue estimates
Jul 23, 2025
Overview * Whitecap Q2 oil & gas rev beats analysts' expectations, driven by operational performance * Company's production exceeds internal forecasts, supported by asset-level outperformance * Whitecap maintained strong balance sheet, net debt to annualized funds flow ratio at 1.0 times Outlook * Whitecap expects 2025 production at high end of 295,000-300,000 boe/d * Company forecasts H2 2025 production of...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
SEI Investments Q2 EPS up 70%
SEI Investments Q2 EPS up 70%
Jul 23, 2025
Overview * SEI Q2 2025 EPS rises 70% yr/yr, aided by $94.4 mln gain on sale of SEI's Family Office Services business * Revenue grows 8% yr/yr but misses analyst expectations, per LSEG data * Operating income up 9%, operatingmargin improves to 27% Outlook * SEI Investments ( SEIC ) focuses on strategic investments for sustained growth * Company invests...
Copyright 2023-2026 - www.financetom.com All Rights Reserved