Diversity staffers are not limited to higher education. Following the death of George Floyd, corporate America went on a DEI hiring binge.
Now that the economy is less than great, many diversity workers are being let go. It seems the diversity boom is coming to an end.
NBC News reports:
Hamstrung by ‘golden handcuffs’: Diversity roles disappear 3 years after George Floyd’s murder inspired them
Diversity, equity and inclusion leaders, who were hired in waves to help companies achieve an ethnically balanced workforce after George Floyd’s murder in 2020, are being phased out, surveys indicate, leaving experts in the field concerned that corporations’ talk of affecting change was just empty words.
DEI roles increased by 55% following demands for broader racial equity and justice after Floyd’s murder, the Society for Human Resource Management reported in 2020. But instead of creating fair opportunities and a comfortable work culture for Black employees, a pair of recent reports indicate, DEI professionals are losing their jobs, as layoffs across the economy have gained momentum.
The attrition rate for DEI roles was 33% at the end of 2022, compared to 21% for non-DEI roles. Amazon, Applebees and Twitter lead the way with DEI layoffs since July 2022, according to Revelio Labs, a New York-based company that uses data to analyze workforce dynamics and trends.
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Diversity staffers are not limited to higher education. Following the death of George Floyd, corporate America went on a DEI hiring binge.
>
Now that the economy is less than great, many diversity workers are being let go. It seems the diversity boom is coming to an end.
>
NBC News reports:
>>
Hamstrung by ‘golden handcuffs’: Diversity roles disappear 3 years after George Floyd’s murder inspired them
>>
Diversity, equity and inclusion leaders, who were hired in waves to help companies achieve an ethnically balanced workforce after George Floyd’s murder in 2020, are being phased out, surveys indicate, leaving experts in the field concerned that corporations’ talk of affecting change was just empty words.
>>
DEI roles increased by 55% following demands for broader racial equity and justice after Floyd’s murder, the Society for Human Resource Management reported in 2020. But instead of creating fair opportunities and a comfortable work culture for Black employees, a pair of recent reports indicate, DEI professionals are losing their jobs, as layoffs across the economy have gained momentum.
>>
The attrition rate for DEI roles was 33% at the end of 2022, compared to 21% for non-DEI roles. Amazon, Applebees and Twitter lead the way with DEI layoffs since July 2022, according to Revelio Labs, a New York-based company that uses data to analyze workforce dynamics and trends.
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