“Which US companies are pulling back on diversity initiatives?” [DEI]
January 8, 2025
“McDonald’s joins a growing list of companies that are pulling back on diversity, equity and inclusion initiatives. Like others before it, the fast-food chain cites a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions…
Walmart
The world’s largest retailer confirmed in November that it would not be renewing a five-year commitment for an equity racial center set up in 2020 after the police killing of George Floyd, and that it would stop participating in the Human Rights Campaign’s annual benchmark index measuring workplace inclusion for LGBTQ+ employees…
Ford
CEO Jim Farley sent a memo to the automaker’s employees in August outlining changes to the company’s DEI policies, including a decision to stop taking part in HRC’s Corporate Equality Index…”
https://finance.yahoo.com/news/foxconn-fourth-quarter-revenue-15-074825675.html
These companies see which way the wind is blowing. Also take notice. No mega corporation has any type of morals. If they really believed in DEI they would stick to it. They do not believe in it. They do not hold those values because they do not hold *any* values. The goal of any business is to make money not push political points of view. Just like in the examples above — once the money gets low everything that doesn’t make money will be cast aside.