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Walmart created its DEI initiative after the 2020 murder of George Floyd when many businesses pledged to make their workforces and their leadership better reflect the diverse communities they serve.
Shares are up 4.6% since Starbuck revealed Walmart's DEI change on X (Walmart did not release an official statement). The stock is up a whopping 77% in 2024 after it posted a string of earnings ...
Walmart becomes latest - and biggest - company to roll back its DEI policies By ANNE D'INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative ...
NEW YORK (AP) — Walmart's sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are re-evaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups.
Walmart logo is shown on the front of shopping cart at a Walmart store on May 18, 2023 in Chicago, Illinois. In conservative circles, the 2024 election is being viewed as a referendum on DEI .
“This is inconsistent with the Walmart I know,” said Morial, who argued that DEI policies are how organizations ensure compliance with federal anti-discrimination laws like the Civil Rights Act of 1964 and any suggestion of favoritism or preferential treatment “is really defamatory against what DEI represents.” He said that Walmart ...
Even so, Walmart's decision comes amid growing pressure from conservatives to halt corporate DEI policies, which ramped up after the U.S. Supreme Court's ruling in June 2023 ending affirmative ...
NEW YORK (AP) — Walmart's sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are revaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups in business.