Nearly 9 in 10 (87%) firms in the UK now prioritize Diversity, Equity, and Inclusion (DEI), a new report claims, with AI tools playing a significant role in this transformation. The findings come from a recent Workday survey, Global Blueprint for Belonging and Diversity, with views from CEOs and leaders in HR, IT, and finance. Can AI Support DEI Programs? The report found that overall, having the right technology stack is essential and can be critical in enabling DEI. In particular, it was found that there is a significant correlation between AI adoption and effective
Goldman Sachs, Bank of America, and JP Morgan are among the Wall Street giants that have modified their diversity, equity, and inclusion (DEI) initiatives. As DEI faces scrutiny and right-wing backlash, with accusations of reverse discrimination, companies are cautiously navigating the landscape to avoid potential legal pitfalls. Changes To DEI Programs Goldman Sachs Group Inc. has changed its “Possibilities Summit” from exclusively being for Black college students to opening the program to white students. According to Bloomberg, lawyers have also advised senior executives to remove references to race and gender
Diversity, equity, and inclusion (DEI) commitments have seen a downward trend from its high point in 2020. New data from ROI communications has shed light on the state of DEI-related budgets, diversity officer roles, and predictions for the future of corporate DEI. A Decline From 2020’s high point Roles for DEI first increased following the Black Lives Matter protests in 2020, with tech companies, in particular, pledging to boost their diversity efforts. A global leadership consulting firm, DDI found that many companies are regressing their DEI programs. According to Bloomberg,
A federal court has temporarily blocked Fearless Fund’s grant program for Black women entrepreneurs amid an ongoing lawsuit by the American Alliance for Equal Rights. The decision reverses last week’s ruling by US District Judge Thomas V. Thrash, ultimately denying the conservative group’s allegation that the program was racially discriminatory. The Lawsuit Against Fearless Fund Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level or series A financing. The American Alliance for Equal Rights, founded by Edward Blum, brought a lawsuit against Fearless Fund in August 2023.
According to experts, Black women are often hired or promoted to leadership roles during a crisis, often referred to as the “glass cliff”. The Glass Cliff The term “glass cliff” was coined by a social and organizational psychologist, Michelle Ryan, at the University of Exeter. It describes a situation where a woman or person of color gets promoted to a senior leadership role during a difficult time and when the risk of failure is high. The “glass cliff” is essentially the opposite of the “glass ceiling” – a term that
In the wake of the Supreme Court’s recent halt to Affirmative Action in college admissions, 13 Republican attorney generals have turned their sights towards corporate diversity programs, with tech giant Microsoft amongst their targets. The Lead-Up Tech industry titans such as Apple, Microsoft, and Uber are facing potential legal ramifications as Republican state prosecutors target their workforce diversity programs. This comes in the wake of George Floyd’s murder, a tragic event that catalyzed these companies to publicly commit to enhancing diversity within their ranks. Their ambitious commitments include plans to
Over half of all LGBT+ ethnic minorities are actively seeking a new role at a more inclusive employer, according to new research by Deloitte Global. The LGBT+ Inclusion at Work report The Deloitte Global 2023 LGBT+ Inclusion at Work report explored the experiences of LGBT+ people in work worldwide through the lens of sexual orientation and gender identity. “The data from the survey shows how far there still is to go when it comes to embedding LGBT+ inclusion in the workplace,” said Emma Codd, Deloitte Global Chief Diversity, Equity and Inclusion Officer.
In the next few days, the U.S. Supreme Court is expected to decide whether or not colleges and universities can continue to consider race in their student admissions process, a practice known as affirmative action. The ruling results from the Students for Fair Admissions (SFFA) lawsuits against Harvard and the University of North Carolina (UNC), which saw the court have oral arguments last year. The conservative majority court appeared ready to eliminate admissions, with race being a factor in decision-making, despite being in law for almost 50 years. Many have
Leading semiconductor company, Intel, has announced it has reached its goal to increase global annual spending with diverse suppliers to $2 billion eight years ahead of schedule. It has also surpassed its goal of $250 million in spending with Black-owned suppliers by the end of 2023. The rapid evolution of technology, driven by cloud computing, data networks, and smartphones, has transformed industries worldwide. At the core of this digital revolution lies semiconductor technology, powering everything from computers to medical equipment. While the tech industry has come under scrutiny for neglecting its DEI goals
Asian American professionals are more likely to join Employee Resource Groups (ERGs) than their colleagues but feel excluded from workplace DEI initiatives, according to new research by AAPI Data and Momentive. Despite their diverse backgrounds, people of Asian, Asian American, or Pacific Islander (AAPI) heritage often encounter similar challenges that hinder their career growth and well-being. To address these concerns, many turn to ERGs as a source of support, connection, and advocacy within their organizations. AAPI Data and Momentive found that 16% of Asian American workers, 18% of Native Hawaiian
