Walmart to Toyota: All Major Companies Rolling Back DEI Policies
Newsweek that "we've been on a journey and know we aren't perfect."The company confirmed it plans to stop using the terms "LatinX" and "DEI" in official communications, won't continue the Racial Equity Center it founded in 2020 and will ban any sexualized or transgender products marketed toward children.The move follows President-elect Donald Trump's victory on November 5 in which he picked up 312 Electoral College votes against 226 for Vice President Kamala Harris and won the popular vote for the first time in three elections.
In October, The Wall Street Journal reported that Trump was planning to ban certain DEI initiatives if he won a second term in the White House.Trump's victory was interpreted by some as a rejection of the DEI and "woke" policies adopted by much of the corporate world over the past few years, and in particular following the 2020 killing of George Floyd in Minneapolis and the subsequent unrest.Over the past couple of years, a number of major companies have faced conservative boycott campaigns over their allegedly "woke" policies or ads, including Bud Light, Target and Disney.Newsweek has produced a list of companies that have abandoned or rolled back DEI initiatives over the past few months.On Monday, the Associated Press reported that Walmart was rolling back a number of DEI initiatives, including not renewing its equity racial center and declining to give priority treatment to suppliers when it comes to race or gender.
