The Tell: To Intel, 27% women in the workforce mean it has reached ‘full representation’

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Back in 2015, Intel announced it was putting $300 million toward increasing diversity, not only among its own ranks, but also in the broader tech industry.

At the time, the chip maker’s workforce consisted of 4% black employees, 8% Hispanic and 24% female.

Fast forward a few years, and Intel INTC, -0.63% says it has reached its goal of “full representation” well ahead of schedule.

Don’t get too excited. That sounds a lot better than it is.

In this case, here’s what “full representation” — a uniquely Intel goal — means: Almost 5% black, 9.2% Hispanic and about 27% female.

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