New research has found that companies that kept their DEI initiatives performed just as well as companies that did not. The research that was shared with the Guardian examined how well S&P 500 companies fared after Trump signed his executive order in 2025. Jacob Grumbach, an associate professor at the University of California at Berkeley’s Goldman School of Public Policy, used “abnormal returns” a term used by economists – the difference between how a stock is expected to perform versus how it actually performed, but removing the stock movement that could
The Equal Employment Opportunity Commission (EEOC) has sued Washington University after it fired a Black worker who opposed mandatory DEI training that separated her from her colleagues. This act violates Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, or sex. “Federal law protects workers who complain about race discrimination in the workplace, regardless of whether those complaints are made inside or outside the employer’s organization,” David S. Davis, director of the EEOC’s St. Louis District, said in a press release. About
61 S&P 100 companies have removed diversity criteria for upcoming board members since 2023, according to an ESGAUGE analysis of filings and governance documents for Bloomberg News. Companies such as Apple Inc., Alphabet Inc., Amazon.com Inc., Starbucks Corp. and Wells Fargo & Co have eliminated diversity requirements for directors in the last three years. Companies removing diversity criteria for board members ESGAUGE analysis of corporate filings found that companies that had previously referenced gender, race, ethnicity, or underrepresented groups in board-selection criteria had removed that terminology. Companies like Micro Devices
The number of ethnic minorities and women appointed to S&P 500 corporate boards has dropped to its lowest level in more than a decade. This data comes from new research by executive search firm Spencer Stuart, with Reuters interviews delving into the topic further. This comes after President Trump revoked a six-decade-old executive order that prohibited workplace discrimination by federal contractors. Low level of ethnic minorities and women in S&P 500 Research from Spencer Stuart found that only 40% of the 364 new independent directors selected for S&P 500 boards
Black women are the fastest-growing group of entreprenuers in the US. Black-women-owned businesses have increased by 13% between 2024 and 2024 compared to the 4.4% rate for women-owned businesses overall, according to Forbes. Black women turning to entrepreneurship Black women have been pushed out of the workforce as their unemployment rate has reached 7.3% in 2026, according to the Bureau of Labor Statistics. Last year, Black women’s unemployment rate increased from 5.1% in March to 6.1% in April, reached an all-time high of 6.2% in May, then dropped to 5.8% in June,
Civil rights organisations and nonprofits are supporting a letter signed by members of Congress that calls for transparency about the effects of the Trump administration’s attacks on DEI. In February, members of Congress demanded records highlighting the effects of Diversity, Equity, Inclusion, and accessibility (DEIA) rollbacks, according to a press release. In the letter, lawmakers sought out information about how President Donald Trump’s actions affected the federal workforce. “Your administration has slashed billions of dollars in DEIA-related funding, as well as jeopardised nearly $1 billion in life-saving National Institutes of
Actress Laverne Cox has shared how the Trump administration has affected her livelihood. Cox, who is known for her breakout role on Netflix’s Orange Is the New Black, explains that she’s “lost so much money” because brands are very scared to work with her amid the ongoing rollback of DEI programs. Laverne Cox being affected by DEI rollbacks Cox, whose book Transcendent was released in June, told Attitude Uncut that she’s been working hard to get out of a financial hole after she booked Orange Is The New Black. “But then I was
Diversity Lab, a legal industry consulting firm that promotes diversity practices in law firms and corporate legal departments, is closing its doors due to “meritless attacks by government agencies,” according to its founder. The US Federal Trade Commission attempted to enforce a settlement that would ban the firm from collecting or sharing law-firm-specific data and shut down its diversity certification program, as per Reuters. Diversity Lab, founded in 2013, furloughed its 17 employees and paused operations as it sought to resist the FTC’s investigation, which brought the firm to the
A new book that highlights how Black mid-career technology professionals are being pushed out of the job market has recently been published. The author, veteran career strategist and corporate executive Byron K. Veasey, argues that Black professionals are navigating a hiring market with several structural barriers. The Triple Barrier Locked Out: Proven Strategies to Navigate ATS Filters, Overcome Workplace Bias, and Win Senior-Level Roles in a Shifting Job Market for Black Professionals highlights what Veasay calls the Triple Barrier: a combination of algorithmic filtering, human bias, and the systematic dismantling
$942 million — or just 0.32% of total US venture funding went to companies with a Black founder or co-founder in 2025, according to Crunchbase data. The tide has turned slightly in 2025, with US-based startups founded or co-founded by a Black founder raising $643 million. Most of this funding was raised in the first quarter of the year, marking it the most raised in a single quarter since Q2 2022, when $653 million was raised by a Black founder or co-founder. However, Crunchbase highlights that this is still a
