From Amazon to Walmart, hundreds of corporations have started eliminating diversity, equity and inclusion positions as inflation makes affirmative-action hiring a costly goal.
Big Tech layoffs have fueled a 33% turnover rate for DEI employees, compared to 21% for non-DEI positions, a recent study from Revelio Labs found. The workforce data agency’s report is among several showing sudden cuts in corporate affirmative action programs less than three years after racial justice protests prompted them to surge.
The departures “likely amount to the exodus of entire diversity teams” at some companies, Revelio said. “I think a lot of the credit for this phenomenon should go to [Gov. Ron] DeSantis of Florida, [Gov. Greg] Abbott of Texas and to the Republican-dominated statehouses of about 15 other states who have come out against DEI,” added Walter Block, an economist who teaches at Loyola University New Orleans.Their silence about reducing DEI positions is unsurprising in the current political and economic climate, said Michael Warder, a California-based business and nonprofit consultant.
Companies in most industries expanded their DEI teams to boost minority hiring after mass protests against George Floyd’s murder erupted nationwide in the summer of 2020. That surge sparked similar increases in college and corporate training programs for DEI roles. But inflation and the threat of a recession now make it unlikely that growth will happen, said Andrew Crapuchettes, CEO of Idaho-based recruitment agency Red Balloon.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Tech's future is up to a Supreme Court that doesn't understand itThe firestorm over Big Tech and content moderation is coming to a head at the Supreme Court. Some experts fear it's a job the court simply isn’t equipped to do well.
Read more »
Supreme Court for first time casts doubt on Section 230, the legal shield for Big TechThe legal shield known as Section 230 launched Big Tech and was largely unchallenged in the Supreme Court — until now.
Read more »
Big Tech is about to have an epic week in the Supreme CourtThe stakes are high as the Supreme Court takes its first look at a law Republicans and Democrats have both criticized for giving too much protection to the tech industry.
Read more »
Supreme Court weighs protecting big tech with liability shield for dangerous contentA lawsuit against YouTube from the family of an American college student who was killed by Islamic State gunmen in Paris in 2015 is at the center of a closely watched Supreme Court case being argued Tuesday.
Read more »
Why Big Layoff Announcements Don’t Always Mean Big Workforce CutsJob-cut announcements can make headlines and move stock prices, but they don’t always leave companies that much smaller.
Read more »