Goldman Sachs has quietly ended its Launch With GS diversity investment program after meeting its $1 billion pledge to fund companies led by women and people of color. The bank has shifted its focus to the One Million Black Women initiative, which aims to provide $10 billion in investment capital and $100 million in philanthropic aid. The decision comes amid a period of change for the bank and corporate diversity programs, with challenges in fundraising for founders and emerging managers, especially women and people of color.
Lululemon is facing accusations of performative diversity, equity, and inclusion (DEI) practices after former employees filed complaints with the Equal Employment Opportunity Commission alleging racial discrimination. Despite the company's public commitment to DEI following George Floyd's death and the establishment of an IDEA department to increase diversity, former staff members have reported a corporate culture that is unwelcoming to Black people and uses stereotypes that hinder minority career advancement. The company has responded, stating that the allegations do not reflect their culture, but no information on the EEOC's response to the complaints has been disclosed.
