Meta axes DEI programmes joining corporate rollback

Published On Jan 10, 2025, 4:32 PM

Meta, led by Mark Zuckerberg, is discontinuing its diversity programs amidst a corporate trend in America to roll back initiatives criticized by conservatives. This decision is influenced by a changing legal environment and backlash against 'woke' policies, which became prominent after the Black Lives Matter protests. Major companies including Walmart and McDonald's have taken similar steps. The move comes after recent Supreme Court rulings that challenge the legality of diversity-focused hiring practices. Meta's strategy will shift towards working with small and medium-sized companies rather than emphasizing diverse supplier partnerships.

Stock Forecasts

META

Positive

Given the ongoing regulatory scrutiny and the shift in corporate policies, Meta may experience a positive response from conservative investors who support the rollback of DEI initiatives. However, the backlash from liberal consumers could impact its brand reputation in the long term. Investors should watch how these changes will affect user engagement and overall sentiment towards the company's platforms.

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