Alberta's public pension manager, AIMCo, has laid off 19 employees, including the individual responsible for running its diversity, equity and inclusion (DEI) program. While the company stated its commitment to an equitable and inclusive workplace, the fate of the DEI program remains unclear. This move follows a string of similar decisions by institutions in Alberta and globally, amidst a growing political climate that has seen a pushback against DEI initiatives. AIMCo's board and CEO were replaced in November by Alberta Finance Minister Nate Horner, citing concerns about rising costs, including employee numbers, in relation to investment performance.
Alberta ’s public pension manager has laid off 19 employees and cut their positions, including the role of running its diversity, equity and inclusion program.said in an email Tuesday that despite the job cuts , the company remains committed to an equitable and inclusive workplace.
The company’s board of directors and chief executive officer were fired in November by Alberta Finance Minister Nate Horner, who appointed former prime minister Stephen Harper as board chair and named Alberta’s top bureaucrat, Ray Gilmour, as interim CEO.Horner said at the time that AIMCo’s rising costs, including its number of employees, were unacceptable when compared with its annual investment performance.
At the beginning of the year, University of Alberta president Bill Flanagan announced the school was rebranding its diversity, equity and inclusion program to one for “access, community and belonging.”Critics called the rebrand symbolic, with Flanagan saying the change wouldn’t lead to a dramatic shift in university policy.
On his first day in office last week, he signed an executive order directing all federal agencies to immediately end diversity programs and policies.Several major companies have also put an end to their diversity initiatives, including Walmart and McDonald’s.
Aimco Alberta Pensions Diversity Equity Inclusion Job Cuts Political Climate
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