Hollywood’s tightening budgets and declining support for diversity efforts have had a negative impact on projects by and for people of color, according to Charles D. King, founder and CEO of MACRO, one of the largest media companies centered on Black entertainment. Speaking at Bloomberg’s New Voices event, King discussed the industry’s economic challenges and highlighted how these factors have strained the viability of diverse storytelling in Hollywood. Job Cuts and Funding Challenges in an Evolving Industry With the shift in viewing habits towards streaming, coupled with rising production costs
The Tech Talent Charter (TTC), a diversity-focused organizaton partly funded by the UK government, has announced that it is closing. Founded in 2015, the TTC aimed to bridge the diversity gap in tech by collaborating with industry leaders to foster a more inclusive environment. Despite significant achievements, shifting industry priorities and economic pressures have led to the difficult decision to dissolve the organization. The Tech Talent Charter When the TTC was launched, women held fewer than 15% of tech roles in the UK, and broader diversity data was scarce. Over
A growing trend among America’s largest corporations reveals a shift in how diversity, equity, and inclusion (DEI) metrics influence executive compensation. According to a review of approximately 1,200 companies by Farient Advisors, the proportion of corporations using DEI metrics to set compensation has decreased from 33% to 28% in 2023. High-profile companies like Best Buy Co., Johnson & Johnson (J&J), and Lazard Inc. are among those that have de-emphasized or removed DEI from their executive pay criteria. Conservative Pressure and Corporate Response This shift is partly attributed to conservative activists
