DEI Stock Recent News

The lawsuit alleges that the program violates Section 1981 of the Civil Rights Act of 1866, a Civil War-era law that bars racial bias in contracting.

US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.

Amazon is now the latest company to curb some of its DEI programs, Bloomberg reports, after Meta announced that it, too, is ending its diversity efforts earlier on Friday.

Facebook parent Meta is rolling back its diversity, equity and inclusion programs, according to a memo sent to employees, marking the tech giant's latest cultural shift ahead of President-elect Donald Trump's return to the White House.

Amazon is halting some of its diversity, equity and inclusion programs, according to an internal memo. The company is in the process of "winding down outdated programs and materials" as part of a broader review of hundreds of initiatives.

Meta, fresh off announcement to end factchecking, follows McDonald's and Walmart in rolling back diversity initiatives

Meta will no longer take DEI considerations into account for purposes of hiring, training and picking suppliers, according to Axios.

Meta employees criticized its decision to roll back its DEI initiatives on its internal forum. It follows changes to Meta's content moderation policies and gets rid of third-party fact-checkers.

Meta on Friday told employees it plans to end a number of internal programs designed to increase the company's hiring of diverse candidates. The company said it's ending the practice of qualified candidates from underrepresented groups for open roles and its equity and inclusion training programs.

Axios reports that Meta is eliminating its biggest DEI efforts, effective immediately, including ones that focused on hiring a diverse workforce, training, and sourcing supplies from diverse-owned companies. Its DEI department will also be eliminated.