Meta embraces Amazon's aggressive workforce-management strategy, a shift from Silicon Valley's traditional talent retention tactics.
When companies cut jobs, many resort to language like "rightsizing" to try to soften the blow. It doesn't work.
The companies are among the latest major corporations to alter their diversity programmes since Trump's re-election.
Meta and Amazon reportedly killed their DEI programs in recent days – moves that come as both Big Tech giants attempt to cozy up to President-elect Donald Trump. On Friday, Meta – the parent company of Facebook,
Recent news of Meta and Amazon rolling back on their diversity programmes has reignited global debate on the value of workplace diversity and inclusion.
Following similar actions by Amazon, McDonald’s, Walmart and Ford, Meta’s decision to dismantle its DEI initiatives is a caution about the dangers of oversimplifying complex issues.
The Big Tech giants join a growing list of employers, including Walmart and McDonald’s, that are re-evaluating their diversity, equity and inclusion policies and initiatives, while Costco and Apple are doubling down on their DEI initiatives.
In less than two weeks, Meta has scrapped its U.S. fact-checking program, elevated prominent Republican Joel Kaplan to be its chief global affairs officer and elected Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of Trump, to its board.
Meta's valuation is less attractive relative to peers, which offer more growth opportunities and lower risks. Click here to find out why I am neutral on META.
In letters to Amazon, Apple, Google, Meta, Microsoft, OpenAI, and Uber, the lawmakers express concerns about the companies making contributions to “avoid scrutiny, limit regulation, and buy favor.” These sizable donations surpass the amount most of these companies contributed to President Joe Biden’s inauguration fund in 2021.
Apple’s board said a conservative think tank's proposal seeking to force it to abolish DEI initiatives was an inappropriate effort to restrict its business operations.
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