5 sources·Business

Walmart's Diversity Policy Rollback Signals Corporate Retreat from DEI

Walmart announces significant changes to its diversity policies amid legal challenges, reflecting a broader corporate trend away from DEI initiatives in the U.S.

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Updated: Nov 26th, 2024, 10:05 PM ET

Summary

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Walmart has rolled back its diversity, equity, and inclusion policies, ceasing to prioritize contracts for minority-owned businesses and discontinuing its racial equity center. This decision follows a series of legal victories by conservative groups challenging DEI programs, prompted by a shift in the political landscape with the election of Donald Trump. Surveys indicate declining support for DEI among employees, leading many corporations, including Ford and Harley-Davidson, to reevaluate their commitment to such initiatives. Experts warn of potential legal risks and emphasize the need for companies to adhere to their core values.

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