Wednesday, June 12, 2024

Corporate America Dumping Diversity Roles More than Any Other Position

'While well intentioned, most DEI programs are simply virtue signaling, often at the expense of healthy company culture...'

(Jacob Bruns, Headline USA) As corporate America—and Big Tech in particular—lay off thousands of Americans, it turns out that frivolous diversity jobs have been the first to go, Bloomberg reported.

Major woke corporations such as Target, Capital One, Amazon, Wells Fargo, Twitter, Nike and Intel have all cut their DEI departments down substantially in recent months as President Joe Biden’s economy continues to turn south toward a serious recession.

“At Twitter, the diversity, equity and inclusion team is down to just two people from 30,” a former Twitter employee told Bloomberg.

With DEI backlash growing among conservative lawmakers in several states, the former Twitter employee also noted that the woke fad may be coming to an end altogether at some corporations.

A DEI worker who was let go from a popular ride-share company said their job search has stalled as other technology companies assess their finances,” said the source. “And just before getting the axe at separate tech giants this fall, two DEI specialists said leadership had stopped setting long-term goals for their departments entirely.”

Affirming the collapse of DEI across the country, the Daily Caller reported that “the 12-month rate of attrition for DEI employees was 33% in December 2022, compared to 21% for non-DEI roles.”

Andrew Crapuchettes, CEO of RedBalloon, a networking firm, noted that the cuts are coming because companies both large and small can no longer afford such pricey virtue-signaling.

“When economic conditions become uncertain, companies pare back their spending to the essentials,” he said.

“While well intentioned, most DEI programs are simply virtue signaling, often at the expense of healthy company culture. The c-suites understand this, and in choppy economic waters, DEI is likely slated to be among the first to go.”

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