Microsoft disbanded its DEI team citing 'changing business needs', a move reflecting a trend among major companies scaling back on diversity-based initiatives post-George Floyd era.
Numerous big firms like Google, Meta, John Deere, Tractor Supply, Zoom, Snap, Tesla, DoorDash, Lyft, Home Depot, Wayfair reduced DEI efforts and staff, showing a widespread pullback from such initiatives.
DEI-related job postings declined by 44% in mid-2023 compared to 2022, indicating a significant reduction in focus on diversity and inclusion efforts across various industries.
Despite Microsoft's $150 million DEI investment and commitments, an unnamed DEI team leader criticized the move, stating that the value of DEI programs seems to have decreased in the eyes of businesses post-2020.
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