Walmart's change signifies a significant risk reassessment by corporations like it as legal challenges against diversity policies grow, particularly after the U.S. Supreme Court ruling.
The recent shift in Walmart's diversity policies reflects a broader trend among U.S. companies reevaluating legal and political risks associated with diversity efforts, especially under current administration.
Corporate leaders are increasingly concerned about the potential for legal challenges regarding diversity policies, prompted by favorable court rulings for conservative groups against affirmative action.
The aim to dismantle diversity initiatives under the Trump administration is seen as a catalyst for corporations to withdraw commitments towards minority and women-owned business support.
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