TECH - Microsoft's Surprising DEI Shift Amidst A Year Of Unprecedented Changes A 17% Year-To-Date Gain And Promises Of Continued Workplace Diversity | Benzinga
- Microsoft has recently disbanded its diversity, equity, and inclusion (DEI) team due to "changing business needs".
- The company has previously invested $150 million in DEI.
- Microsoft's stock has experienced volatility, but has a year-to-date growth of 17%
Microsoft Corp (NASDAQ: MSFT) has recently disbanded its diversity, equity, and inclusion (DEI) team. This information was revealed through a leaked email from the DEI team leader, who mentioned "changing business needs" as the reason for the decision.
The move has sparked controversy within the company, with significant internal criticism and concerns that the company is retreating from its commitment to a diverse and inclusive workplace.
They have historically supported DEI initiatives, investing up to $150 million in programs promoting racial allyship and addressing privilege among its non-black employees.
This makes the current rollback particularly notable, especially in a year where the company has already laid off around 10,000 ...