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As Companies Scrub DEI Policies, CEOs Keep Leaving Their Jobs

  • Goldman Sachs and several major companies have recently scaled back their diversity, equity, and inclusion policies across the United States.
  • This change came in the wake of the 2023 Supreme Court decision that struck down the use of racial considerations in college admissions and amid increased efforts by the Trump administration to roll back race-focused diversity, equity, and inclusion initiatives.
  • Goldman Sachs has updated its initiative originally aimed at Black women entrepreneurs by removing direct references to race and shifting its focus toward supporting entrepreneurs from low- and moderate-income backgrounds, emphasizing broader goals like economic development and job creation.
  • The initiative originally committed billions in funding and tens of millions in charitable contributions, but updated descriptions now present the program more generally as supporting entrepreneurs in maintaining financial stability.
  • These changes reflect efforts to preserve economic support goals while minimizing legal risks, indicating a wider industry reevaluation of DEI strategies under heightened scrutiny.
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Quartz broke the news in United States on Friday, May 2, 2025.
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