Google Abandons Diversity Hiring Targets amid Scrutiny
Key Points:
* Google discontinues aspirational hiring goals for underrepresented groups.
* Meta and other Silicon Valley firms reverse course on diversity initiatives.
* Apple, Microsoft, and JPMorgan Chase maintain commitment to DEI.
Silicon Valley's Divide on Diversity
Google has withdrawn its diversity hiring targets, reflecting a growing divide within Silicon Valley. The move follows scrutiny from Washington, D.C., including a memo from the Justice Department targeting illegal diversity practices in federally funded institutions.
Legal and Political Challenges
The U.S. Attorney General's memo and a Supreme Court ruling prohibiting race-based admission quotas have spurred many companies to reconsider DEI policies. Donald Trump's executive order also banned federal DEI programs and encouraged combating illegal actions in the private sector.
Mixed Reactions from Tech Giants
While Google and Meta have retreated from certain diversity goals, other tech giants remain committed. Apple has rejected a shareholder proposal requesting a risk assessment of its DEI programs. Microsoft continues to support its talent and inclusion team, defending the business case for diversity and inclusion.
Company Responses
Google retains its Employee Resource Groups and plans to continue partnering with universities to improve accessibility. In its 2024 Diversity Report, the company highlights progress made in increasing representation for Asian, Black, and Hispanic employees.
Banking and Retail Standouts
JPMorgan Chase and Goldman Sachs maintain their focus on DEI initiatives despite pressure from activist groups. Costco successfully defeated a shareholder resolution challenging its DEI practices, with 98% of investors supporting the company.
Legal Reporter's Perspective
Alexis Keenan, a legal reporter for Yahoo Finance, notes the increasing pressure on DEI programs and the divergent responses from various companies.