Image: LSIA
This week, tractor giant John Deere announced plans to eliminate some of its diversity, equity, and inclusion (DEI) initiatives, joining a growing number of companies that have taken similar steps in recent months.
A few examples:
Overall, 35% of professionals who started in DE&I roles in 2020 across a range of industries have left the field altogether, according to employment data provider Live Data Technologies.
The arguments: Critics of DEI initiatives, including Elon Musk, podcast host Robby Starbuck, and many GOP lawmakers, argue they incorrectly seek to achieve equality of outcome rather than equality of opportunity. They also contend such programs violate discrimination laws by granting exclusive opportunities and funds to racial or ethnic minority groups.
Looking ahead… DEI initiatives could soon receive a rebrand in the corporate world. SHRM, America’s top organization for HR professionals, announced last week that it wants employers to drop “equity” from their DEI efforts and instead focus on a new abbreviation: I&D, or inclusion and diversity (in that order).
📊 Flash poll: In general, do you support diversity, equity, and inclusion programs at companies?
On Saturday, at a rally in Butler, Pennsylvania, former President Donald Trump was the target of what the FBI described as an assassination attempt.
📝 This week, a bipartisan group of senators introduced a bill that would ban members of Congress and their immediate family from trading stocks, in an effort to prevent profiting from insider knowledge.
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