All articles tagged with #economicdownturn
Diversity, Equity, and Inclusion (DEI) initiatives at colleges and companies are facing challenges due to a Supreme Court ruling against affirmative action, economic cutbacks, and controversies over responses to antisemitism, including the resignation of Harvard University President Claudine Gay. These factors have led to a reevaluation of DEI programs and their effectiveness in encompassing all student demographics.
Major tech companies like Google and Meta have significantly reduced job openings for Diversity, Equity, and Inclusion (DEI) roles, with a reported 44 percent drop in 2023 according to data from Indeed. This trend is accompanied by substantial budget cuts in DEI departments, sometimes up to 90 percent. The article suggests that DEI initiatives are seen as a luxury that companies indulge in during better economic times, and as the economy weakens, these roles are among the first to be cut. Critics argue that DEI efforts do not address core issues and are not deeply rooted in company values, implying that the reduction in DEI jobs may continue into 2024 as companies reassess their priorities amidst economic challenges.