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WWC announced that “with profound sadness,” it had closed “following a vote by the Board of Directors to dissolve the organization”.<\/p>\n
It continued that it had to close “due to factors that have materially impacted our funding sources”.<\/p>\n
The tech industry has been cutting back in general in recent months, with layoffs announced by many of the largest companies in the sector.<\/p>\n
WWC was started 2011 by engineers who “were seeking connection and support for navigating the tech industry” in San Francisco.<\/p>\n
It became a nonprofit organisation in 2013 and expanded globally.<\/p>\n
In a post announcing its closure, it said it had held more than 20,000 events and given out $3.5m (\u00a32.8m) in scholarships.<\/p>\n
A month before the closure, WWC had announced a conference for May, which has now been cancelled.<\/p>\n
A spokesperson for WWC said: “We kept our programming moving forward while exploring all options.”<\/p>\n
They would not comment on questions about the charity’s funding.<\/p>\n
The most recent annual report, for 2022, showed the charity made almost $4m that year, while its expenses were just under $4.2m.<\/p>\n<\/div>\n<\/div>\n
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WWC said that “while so much has been accomplished,” their mission was not complete.<\/p>\n
It continued: “Our vision of a tech industry where diverse women and historically excluded people thrive at every level is not fulfilled.”<\/p>\n<\/div>\n<\/div>\n
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<\/picture><\/span>Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\n