Alberta's public pension manager, AIMCo, has laid off 19 employees and eliminated their positions, including the role responsible for running its diversity, equity and inclusion program. Despite the cuts, AIMCo maintains its commitment to an equitable and inclusive workplace, stating all colleagues share the responsibility for this goal. The company's board and CEO were replaced in November following concerns about rising costs and investment performance. The move comes amid a broader trend of institutions cutting diversity initiatives, with some citing budgetary concerns and others facing criticism for symbolic changes.
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.
It wasn’t clear if the company’s diversity, equity and inclusion program was dissolved. Quick didn’t answer questions about what other specific jobs were eliminated and in which locations, but she said the 19 positions were in non-investment roles. The company’s overall assets total more than $160-billion, and it has about 600 employees spread across offices in Canada, the United States, Europe and Singapore.
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.
Aimco Alberta Pension Layoffs Diversity Equity Inclusion
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