Regulators and Plaintiffs Lawyers Are Targeting 'Tech Bro Culture.' Is Your Company Next?
"I think that tech companies have been booming for a number of years, and it's only natural that legal issues are going to come to the fore," said Shannon Liss-Riordan, a partner at Lichten & Liss-Riordan.
February 08, 2023 at 02:46 AM
5 minute read
Risk and Compliance
A $35 million settlement between video game developer Activision Blizzard and the U.S. Securities and Exchange Commission comes on the heels of actions by both the California Department of Fair Housing and Employment and the Equal Employment Opportunity Commission over the company's so-called frat boy culture.
Meanwhile, a new class action accuses Twitter of disproportionately targeting women for layoffs, allegedly spurred on by the sexist tone set by Elon Musk, the company's new leader.
Add to that the House Financial Services Committee's recent hearing that was actually titled "Combatting Tech Bro Culture," and the trend is clear: the growing perception of the tech industry as being male dominated (and, more specifically, white male dominated) has heightened the risk of both regulatory enforcement and litigation.
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