From Commitment To Caution: Google’s DEI Overhaul
From Nasdaq: 2025-02-07 16:47:04
Google, Meta, and Amazon are reevaluating diversity, equity, and inclusion strategies. Alphabet Inc removes DEI commitments from annual report. Meta and Amazon also scale back DEI programs. Major corporations like Disney, McDonald’s, Ford, Walmart, and Target follow suit.
Political and legal scrutiny increases on DEI policies. Executive order by President Trump targets illegal DEI practices. Fiona Cicconi, Alphabet’s chief people officer, announces shift away from aspirational hiring goals. Alphabet omits diversity commitment in SEC filing.
Companies face uncertainty over DEI programs’ legal viability. Google’s new stance reflects broader corporate shift. GOOGL stock closes at $185.34 on Nasdaq, down 3.27% or $6.26. Regulatory pressures drive companies to balance inclusion efforts with legal and political landscapes.
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