McDonald’s is scaling back its diversity initiatives following the Supreme Court's 2023 decision banning affirmative action in college admissions. The company announced it would retire goals for senior leadership diversity and end a supplier program encouraging diversity training. It also plans to pause external surveys measuring workplace inclusion, a step taken by other companies like Lowe’s and Ford. The move reflects a broader trend among corporations, including Walmart and Harley-Davidson, that have rolled back diversity, equity, and inclusion efforts amid political and legal pressures. The company will rebrand its DEI team as the Global Inclusion Team and continue reporting demographic data while emphasizing a diverse workforce as a competitive advantage.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02McDonald's is scaling back its diversity initiatives following the Supreme Court's
00:052023 decision banning affirmative action in college admissions. The company announced
00:10it will retire goals for senior leadership diversity and end the supplier program
00:15encouraging diversity training. It also plans to pause external surveys
00:19measuring workplace inclusion, a step taken by other companies like Lowe's and Ford.
00:24The move reflects a broader trend among corporations, including Walmart and Harley
00:27Davidson, that have rolled back diversity, equity, and inclusion efforts amid political
00:32and legal pressures. The company will rebrand its DEI team as the Global Inclusion Team
00:37and continue reporting demographic data while emphasizing a diverse workforce
00:41as a competitive advantage. For all things money, visit Benzinga.com.