Companies will no longer accept Dei five years after George Floyd’s death
The “The Big Money Show” panelists are considering a federal employment plan based on the new White House merits.
After the death of George Floyd in 2020, many of America’s top companies had promised unprecedented cash and policy changes, all aimed at racial justice. Now, five years later, after a cultural backlash, many of these same companies have overturned the DEI course.
George Floyd, a 46-year-old black man, passed away on May 25, 2020 after kneeling on his neck for more than nine minutes during his arrest. Chaubin was convicted of second-degree murder a year later. In the aftermath of Floyd’s death, waves of protest and riots erupted in cities across the country, sought racial justice.
Corporate America responded to the racially based ruckus by making a drastic promise to fund racial justice programs and embrace policies to increase racial expression in the workplace. The top 50 American companies have pledged nearly $50 billion to racial equality shortly after Floyd’s death. The Washington Post reported.
McDonald released a commercial featuring a list of murdered black individuals, including Floyd, shortly after his death, declaring him “one of us.” In 2021, Golden Arch implemented diversity goals and pledged to acquire 35% of representatives and 45% of women in leadership roles by 2025 for leadership roles.
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McDonald has removed the ambitious employment target. (istock / istock)
However, the fast food chain announced in January Rollback some of the DEI initiativesIncludes stopping the goal of its ambitious expression. Additionally, McDonald said he was not involved in external business research and would end the supply chain’s “mutual commitment to the DEI commitment” and rename the diversity team to the Global Inclusion Team.
When he reached out for a comment, McDonald’s digitally oversaw Fox News on its “McDonald’s Inclusion” page Found it on that website.
Bank of America In June 2020, a month after Floyd’s death, he made a $1 billion commitment to advance “racial equality and economic opportunity.” The bank pledged $25 million to a hiring initiative that benefits black and Hispanic individuals, increasing Bank of America’s commitment in 2021 $1.25 billion Include “racial justice and advocacy for Asian people.” In the Bank of America’s 2025 annual report, the bank announced that it has completed its commitment.
Google pledged millions of dollars to racial justice initiatives following the death of George Floyd. (AP photo/Don Ryan, File/AP image)
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But years later, it appeared that the banks were taking a different approach to racial justice. After Trump took office for a second term, Bank of America dropped a reference to ambitious employment goals and regulations that require employment managers to consider a diverse slate for candidates for a particular position in their February 2025 annual submission.
When Fox News Digital reached for comment, a Bank of America representative responded in a February statement.
“We will evaluate and coordinate our programs in light of new laws, court decisions, and more recently executive orders from the new administration. Our goal is to ensure opportunities are available to all our clients, shareholders, teammates and the communities we serve,” Bank of America said in a February statement.
Bank of America has pledged more than $1 billion to racial equity and economic opportunity after George Floyd’s death.
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Google pledged a $225 million donation after Floyd’s death, according to the Washington Post. These commitments include $12 million for “organisations working to address racial inequality.” $1 million To the Centre for Police Equality and Equal Justice Initiatives.
However, in February, Tech Behemoth announced it was rolling back some of the DEI’s policies. I won’t pursue it anymore An increase in minority representation in the workplace.
Google did not respond to Fox News Digital’s request for comment.
Shortly after he took office for his second term of president Donald Trump It has closed all diversity, equity and inclusion (DEI) offices across the federal government and signed many executive orders cracking down on DEIs.
The president’s efforts to end DEI across the federal government Scaling back or cancellation prompted of private sector-wide DEI programs.
Brooke Signman of Fox News contributed to this report.