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50% of Major Companies Slash Diversity Programs Amid Policy Shifts

In a significant shift, Meta and Amazon have both announced the termination of their diversity, equity, and inclusion (DEI) initiatives. This move comes as part of a broader trend among major U.S. corporations, with companies like Walmart and McDonald’s also scaling back similar programs following the recent U.S. election. Meta, which owns platforms like Facebook and Instagram, cited a “shifting legal and policy landscape” in a memo to staff, explaining that while they will still seek diverse candidates, they will no longer target specific pools for diversity hiring. Amazon, on the other hand, has decided to phase out what it describes as “outdated programs and materials” related to representation and inclusion. This corporate pivot coincides with broader changes in corporate America, including financial giants like JPMorgan Chase and BlackRock withdrawing from climate-focused groups. These decisions reflect a broader reevaluation of corporate social responsibility initiatives in light of evolving political and legal environments.

Source: deadline.com

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