Diversity, equity, and inclusion workers across corporate America have found their positions on the chopping block in recent rounds of layoffs.
At over 600 companies that had laid off workers, the year-over-year attrition rate for DEI professionals has been higher than for non-DEI workers.
The small size of many diversity teams — the median being three — means that some companies have shuttered their entire diversity departments. Over 300 DEI professionals left their company in the measured time span, Revelio Labs indicated. Hiring of non-White people has also slowed down. The share of people of color among new hires at TripAdvisor declined 7.13% in the six months since July 2022, with a 5.81% decline at Glassdoor, and a 4.65% decline at Wells Fargo, according to Revelio Labs.
Andrew Crapuchettes, CEO of job board site RedBalloon, noted in a blog that “All the virtue signaling in the world cannot forestall the economic realities of a slowing economy. In a time when bloated Big Tech companies must make budget decisions, it’s no surprise that divisive and polarizing DEI programs are under scrutiny.”
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