Cisco Will Pay Millions to Settle Compensation Bias Claims (2)

Cisco Systems Inc. will pay $2 million in lost wages and interest, and “at least” $2.75 million in salary adjustments over five years, to settle Labor Department allegations that the company paid women and minority employees less than white and male colleagues in similar jobs.

The alleged pay discrimination dates back to at least August 2011, the DOL’s Office of Federal Contract Compliance Programs said in a statement. The full settlement document wasn’t immediately available.

The $2 million in lost wages will be paid to employees who worked at Cisco’s San Jose, Calif. location, while the $2.75 million in pay-equity ...