Why companies like Ford, Harley Davidson, Tractor Supply, Lowe’s and others are scaling back DEI programs.
's election has left some concerned that his policies could harm diversity, equity and inclusion initiatives, especially given some of his outspoken Cabinet picks and his interest in potentially dismantling the Department of Education.Philadelphia news 24/7: Watch NBC10 free wherever you are
"There are many, many organizations who are still doing diversity, equity and inclusion and said this is not optional for us because we know that it is a business imperative," said Mary-Frances Winters, founder and CEO of The Winters Group. The challenge remains proving DEI's financial impact. Companies spend an average of $8 billion annually on DEI training, according to the Harvard Kennedy School, but shareholders and board members often question the return on investment, especially amid growing conservative pushback.Sign up for NBC Philadelphia's News Headlines newsletter.
Though some companies are pulling back, many still view DEI as essential. The future of these initiatives could depend on how businesses balance social responsibility with shareholder and consumer interests. DEI became a top priority for U.S. companies after the 2020 protests following George Floyd's murder. Since that year, Fortune 1000 companies committed to promoting racial diversity, pledging more thanBut in the past couple of years, some of these same companies like
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harley-Davidson slashes forecast as sales slammed by DEI boycott, inflationThe name brand bikemaker has seen sales slump amid rising uncertainty about the economy and policies. A conservative-led boycott against the company’s DEI policies only added to Harley-Davids…
Read more »
Harley-Davidson cuts revenue forecast on inflation, DEI backlashHarley-Davidson lowered its revenue forecast for 2024 as stubborn inflation, high interest rates and consumer blowback from a DEI controversy impacted the motorcycle maker's sales.
Read more »
Here's why Citi says their 'confidence is limited' in Harley-DavidsonHere's why Citi says their 'confidence is limited' in Harley-Davidson
Read more »
Ford makes car customization easy with Custom Garage programFord will offer limited-edition upgrades, including powertrain mods, through the new Ford Custom Garage.
Read more »
Google and Ford's partnership brings useful Android Auto Google Maps updates for Ford EVsIzzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
Read more »
Why Corporate America Should Reconsider Scaling Back DEILiz Elting is a billion-dollar founder, philanthropist, entrepreneur and bestselling author who covers the dynamic intersections of women, business and the evolving workplace.
Read more »