The corporate world is being hit with a significant number of layoffs, particularly in the tech sector.
One group that is being hit more than others is people in diversity, equity and inclusion.
The corporate world went on a DEI hiring binge in recent years, but now that companies are starting to worry about their bottom line, DEI workers are being shown the door.
NBC News reported:
Diversity, equity and inclusion leaders, who were hired in waves to help companies achieve an ethnically balanced workforce after George Floyd’s murder in 2020, are being phased out, surveys indicate, leaving experts in the field concerned that corporations’ talk of affecting change was just empty words.
DEI roles increased by 55% following demands for broader racial equity and justice after Floyd’s murder, the Society for Human Resource Management reported in 2020. But instead of creating fair opportunities and a comfortable work culture for Black employees, a pair of recent reports indicate, DEI professionals are losing their jobs, as layoffs across the economy have gained momentum.
The attrition rate for DEI roles was 33% at the end of 2022, compared to 21% for non-DEI roles. Amazon, Applebees and Twitter lead the way with DEI layoffs since July 2022, according to Revelio Labs, a New York-based company that uses data to analyze workforce dynamics and trends.
Another survey showed that Black employees represent only 3.8% of chief diversity officers overall, with white people making up 76.1% of the roles. Those of Hispanic or Latino ethnicity make up 7.8% and those of Asian ethnicity make up 7.7%…
DEI professional Nika White, author of the book, “Inclusion Uncomplicated,” said the studies also reveal “the harsh reality” of many companies’ commitments to diversity. “This is very disheartening, especially after so many of us were hopeful after George Floyd’s murder that organization leaders would be sensitized and committed to equity and inclusion.”
Here’s a recent report from the FOX Business Network:
These workers were hired under the Trump economic boom. Now that Biden is in charge, things have changed.