Why companies are souring on DEI

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The chief diversity officer has lost its luster. Once the hot new role for companies looking to cash in on progressive calls for surface-level heterogeneity, the role of CDO is now difficult to find and nearly impossible to keep.

The economy is certainly part of it . Cash-strapped companies that don’t lay off their diversity officers entirely have expanded their roles to include real work: Jason Hanold, chief executive of Hanold Associates Executive Search, “which works with Fortune 100 companies to recruit HR and DEI executives,”that “60% of diversity roles he is currently filling combine the title with another position, such as chief human resources officer, up from about 10% five years ago.

Disheartened by the sharp drop-off in available DEI roles, some job-seekers are turning to new careers entirely. We love to see the market at work.

It could be that as Americans have focused more on their day-to-day lives, demand for DEI initiatives has subsided. But it’s not all good news: While diversity initiatives flail in the private sector, they’re

 

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