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Diversity pullback: Tech giants lead US companies in pulling back on initiatives

Economic Times

Economic Times · 4m ago

Diversity pullback: Tech giants lead US companies in pulling back on initiatives

Since 2020, major companies like Uber, Salesforce, PepsiCo, Google, Meta, Amazon, Goldman Sachs, Target, McDonald's, Walmart, Ford, Lowe's, Harley-Davidson, Brown-Forman, John Deere, and Tractor Supply have scaled back diversity, equity, and inclusion (DEI) initiatives. This shift follows external pressures, including political challenges and legal changes, prompting them to modify or eliminate DEI programs, goals, and reporting to focus more on direct business objectives and traditional growth strategies.

Related News

Meta, Amazon scale back diversity programs ahead of Trump inauguration

Economic Times

Economic Times · 6m ago

Meta, Amazon scale back diversity programs ahead of Trump inauguration

Facebook owner Meta and Amazon are reducing their diversity programs amidst growing conservative opposition, especially ahead of Trump's potential return to the presidency. Meta has ended its diversity, equity, and inclusion (DEI) programs and made moves pleasing to conservatives, including cutting its US fact-checking program and aligning with Trump allies. Similarly, Amazon is scaling back its DEI materials, influenced by a US Supreme Court ruling against affirmative action and conservative legal threats targeting such initiatives.

Tech Giants Amazon, Google, Snap, and Zillow Implement Workforce Reductions Amidst Shifting Priorities

Business Bytes

Business Bytes · 1y ago

Tech Giants Amazon, Google, Snap, and Zillow Implement Workforce Reductions Amidst Shifting Priorities

Major tech companies such as Amazon, Google, Snap, and Zillow are undergoing workforce reductions as they adjust their priorities. Google has laid off employees in its gUP team handling consumer complaints, while Amazon has cut jobs in its Music division. Google's decision to pause filing PERM certificate applications also raises questions about the impact on green card sponsorship and workforce diversity. These staff reductions highlight the challenges faced by tech giants in a rapidly changing industry, where adaptability is crucial for remaining competitive.

Google scraps diversity-based hiring targets

Livemint

Livemint · 5m ago

Google scraps diversity-based hiring targets

Alphabet's Google is discontinuing its diversity hiring goals and reassessing its DEI (diversity, equity, and inclusion) initiatives. Previously, Google set goals in 2020 to increase leadership diversity by 30% by 2025. This decision aligns with a broader trend among U.S. companies reducing diversity efforts, coinciding with conservative criticism against such programs. The company will maintain its internal employee diversity groups but adjusts its policies to comply with recent government directives and court decisions.

What to know about Donald Trump's antitrust efforts against tech giants

Economic Times

Economic Times · 3m ago

What to know about Donald Trump's antitrust efforts against tech giants

The Trump administration initiated significant antitrust efforts against tech giants, such as Meta, Google, Amazon, and Apple, focusing on monopolistic practices. These efforts continued into Biden's tenure, highlighting bipartisan support for increased scrutiny. High-profile lawsuits are ongoing, with accusations ranging from illegal monopolies to anti-competitive mergers. Andrew Ferguson, FTC chair, and Gail Slater, Justice Department, lead these initiatives. Additionally, AI industry regulations are being re-evaluated to balance competition and innovation.

Tech giants are set to spend $200 billion this year chasing AI

Economic Times

Economic Times · 8m ago

Tech giants are set to spend $200 billion this year chasing AI

Silicon Valley's tech giants, including Amazon, Microsoft, Meta, and Alphabet, are continuing to invest heavily in artificial intelligence (AI) despite previous criticism for the high costs without sufficient results. These companies are set to spend over $200 billion on AI-related capital expenditures this year alone. The race to secure high-end chips and build extensive data centers is driving this spending spree, with deals being made with energy providers, including reviving a nuclear plant. The tech giants aim to convince investors that these investments will lead to future profitability beyond their current business models.

Google App Store Monopoly: Did we miss building MSeva?

Money Control

Money Control · 1y ago

Google App Store Monopoly: Did we miss building MSeva?

The article highlights the need for more choices in app stores in India. It discusses Google's dominance in the global app ecosystem and the recent removal and reinstatement of Indian apps from the Google Play Store. The article argues that the power of tech giants like Google raises concerns about monopoly control and the need for alternative platforms. It also mentions initiatives by companies like PhonePe to foster competition and create a localized mobile app store economy in India. The article emphasizes the importance of developing indigenous solutions to reduce reliance on global tech giants and promote digital self-reliance.

Donald Trump's Tariff on cheap Chinese imports will cost Big Tech billions

Economic Times

Economic Times · 2m ago

Donald Trump's Tariff on cheap Chinese imports will cost Big Tech billions

President Trump's elimination of the tariff exemption for low-value Chinese imports impacts big tech and e-commerce companies like Temu and Shein, which relied heavily on digital advertising. The new tariffs make goods significantly more expensive, prompting these companies to scale back their aggressive advertising on platforms like Meta and Google. This shift has led to decreased ad spending and affected their app download rankings, impacting revenue for tech giants that previously benefitted from these advertising practices.

How much energy will new semiconductor factories burn through in the US?

The Verge

The Verge · 1y ago

How much energy will new semiconductor factories burn through in the US?

A report warns that the growth in computer chip manufacturing in the US could lead to increased demand for dirty energy. While major chip manufacturers claim to use renewable energy, an analysis by nonprofit Stand.earth suggests otherwise. With new semiconductor factories being built in several states, the energy consumption could exceed that of a medium-sized town. The companies tend to rely on Renewable Energy Certificates (RECs), but these have been criticized for not effectively incentivizing new clean energy projects. The report recommends that chip manufacturers follow the lead of tech giants Apple, Google, and Meta in committing to long-term Power Purchase Agreements (PPAs) with renewable energy projects to reduce their carbon footprint.

Google just made a $250M deal with California to support journalism — here’s what it means

TechCrunch · 11m ago

Google just made a $250M deal with California to support journalism — here’s what it means

Google has made a $250 million deal with California to support local journalism, preventing bills that would have forced tech companies to pay for news content. The deal funds two initiatives: the News Transformation Fund, aiding California newsrooms, and the National AI Innovation Accelerator. While some praise the support, critics argue it’s insufficient and leaves out other tech giants like Meta and Amazon.

Advocates say online erasure of women's health is 'dangerous'

Economic Times

Economic Times · 4m ago

Advocates say online erasure of women's health is 'dangerous'

Advocates claim that major tech platforms like Amazon, Google, TikTok, and Meta are censoring women's health content, fearing this trend undermines diversity policies and reproductive rights. Algorithms often misinterpret educational content on women's health as explicit, leading to its removal. This suppression exacerbates stigmas and constrains organizations' ability to communicate vital information. Amid global rollbacks on diversity initiatives, these digital constraints pose threats to women's health education and rights, prompting calls for regulatory scrutiny and change.

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