We would like to think that as business gets more complex, that as new forces influence decision-making and the pace of change accelerates, leadership teams are evolving and getting smarter. And then we see this: U.S. corporations are quietly eliminating diversity, equity and inclusion roles faster than any other positions.
Beyond the complicated politics around diversity, the business implications of this decline are significant – and material. It is one more metric reflecting the widening gulf between the societal IQ of modern leadership teams – their knowledge of how they are affected by wider social and cultural contexts – and the changing expectations of stakeholders. What we end up with is a valley of death for leaders who can’t or won’t evolve.
The decline in diversity roles is a stark example. Too many companies saw diversity as an issue to be dealt with rather than a strategic imperative for success, despite all sorts of data showing successful companies look like the customers and communities they serve. Critics such as the National Urban League are rightly calling out companies for being disingenuous, suggesting they created dead-end jobs as part of a check-all-the-boxes exercise to appear responsive to the social justice movement.
Chick-fil-A, the U.S. fast-food chain, saw its U.K. expansion plans stymied in 2019 when LGBTQ+ groups protested what they saw as the intolerant Christian conservative views of the company’s owners. Its first foreign store closed after just six weeks.
The journalist clearly never had a business to run , lives in woke dreamland
Hire based on skills, competence , merit
I find this tweet offensive and horribly out of touch with reality, any business acumen
I'll gladly fill any diversity quota for an Asian for $200K/yr
I just found this diversity in business thing weird. On one hand they cry for diversity, on the other hand they 'train' everyone to behave in exact the same way. So what is all these 'diversities' about, if what we are after is identical outcomes?
I've never heard such bullshit.
Social engineering from the media! How about hiring the best person qualified and capable of doing the job.
How about just hiring the most qualified person. The whole EDI concept is discriminatory in that your are still marginalizing an entire demographic. In Canada, every person in school is afforded the same opportunities. Squandering those opportunities is not a social issue.
Congrats, G&M, you have it exactly backwards!
Or, just maybe they saw the garbage output they got from token hirings and decided to go back to hiring actual qualified workers.
Lol..no..what we need is “a valley of death” for DEI amd ESG
This obsession is unhealthy. Divide and conquer is your aim.
Give all the equity possible in the school systems. Then, like always, companies can pick from the most competent. Why should anyone be forced to hire on creed,race, or colour primarily ... Not their place to fix a broken education system.
DEI weakens companies. Terrible idea.
How about hire people based on how qualified….and not on gender or colour of skin……
Aha..let's implode from inside out with this policy! You get ppl that wear a knife because that how is in their country, let alone safety!!
Bullshit.
You can see the impact of diversity hired by looking at the performance of the Trudeau cabinet over the past few years
Just the opposite, it indicates that we are exiting the “craze” of wokeness.
People should be hired on merit. I don't want to be promoted because I'm a woman. I want to be promoted because I earned it.
That's the exact opposite in reality. Pls stop virtue signalling
Claiming weak societal IQ is nothing more then a bourgeois elitist statement by someone who is actually low IQ. Diversity hiring has proven over and over to harm businesses and it's an extremely racist practice.
We need to have a conversation about journalistic IQs
'...Among the companies that have cut deepest into the DEI muscle are Amazon, Applebee’s and Twitter...' Start your own business. Go for diversity over meritocracy. Let us know when it goes bankrupt
The airline industry in USA has lowered standards for diversity. The public is now at risk as there has been many close calls as a result. Never hire for diversity, hire on merit only. The G&M is clueless
Qualifications have zero to do with that? lol!
A veiled threat from a mouthpiece of the woke mob
Hire the best person for the job. Period.
100% must be merit based or we might as call us Russia or China
Hiring must be exclusively based on merit. Diversity has nothing to do with it.
Or maybe this is just your sh-t opinion.
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