CEOs are stepping down at record-high rates. According to a report from Russell Reynolds Associates, a record 202 CEOs of publicly traded companies exited their roles in 2024. This tracks with research by Challenger, Gray & Christmas, Inc.: “So far this year, [as of Dec 10, 2024] a record number of CEOs have left their roles.” Through our own primary research at Buildremote, we uncovered…
On its website, Blackrock has a quote that reads, “‘Inclusion is the foundation of our culture, driving us towards collective success.” But according to its most recent annual report, the asset manager appears to have removed the foundation. What is the state of diversity, equity, and inclusion (DEI) at Blackrock? Here’s everything you need to know. The DEI Program At Blackrock Department Status: Active Department…
On its website, Bank of America says, “Our workforce must represent the communities we serve.” But, according to a recent report from Bloomberg, the bank will no longer have “aspirational” goals for DEI. What is the state of diversity, equity, and inclusion (DEI) at Bank of America? Here’s everything you need to know. The Bank Is Ending Diversity Hiring Goals As part of its…
In a decisive move, Apple shareholders have voted to maintain the company’s DEI programs, rejecting a proposal to abolish them. However, CEO Tim Cook hinted that some changes might need to be made to stay legally compliant. What is the state of diversity, equity, and inclusion (DEI) at Apple? Here’s everything you need to know. Shareholders Reject Proposal to End DEI Programs At the…
Lowe’s made three specific changes in August 2024 to reduce the company’s emphasis on DEI. What is the state of diversity, equity, and inclusion (DEI) at Lowe’s? Here’s everything you need to know. The DEI Program At Lowe’s Department Status: Active Department Trend: Shrinking Recent DEI Report: 2023 Policy Title: Diversity & Inclusion Webpage: Click Here Department Head: Steven Johnson (Global Senior Director of Culture,…
This article was written on Feb 20, 2025 at 10:28 AM. The post was updated on Feb 20, 2025 at 5:25 PM to include the anonymous email. Rumors have started circling on forums today. In an internal meeting that likely occurred on February 18 or 19, 2025, Qualcomm announced that employees must start coming into the office five days per week. I reached out to…
Jane Fraser, CEO of Citigroup, sent a memo to employees on Thursday titled “Colleague Engagement Update.” The memo included three actions the bank will take to end its DEI team, policies, and programs. The bank also took down multiple DEI-related web pages, one of which stated, “a renewed commitment every day” to DEI. Here’s what you need to know. Citi’s DEI Program Overview Department Status: Canceled…
On February 20, Robby Starbuck shared on X a list of actions that PepsiCo plans to take in regard to its DEI policy. To summarize: PepsiCo will no longer have a DEI team, program, or policy. Here’s what you need to know. PepsiCo Is Ending DEI Completely Robby Starbuck shared the message above from PepsiCo stating the following about its DEI-related programs: PepsiCo will no…
Coca-Cola, which has promoted its long-standing commitment to DEI (even back to the 1930s), now plans to end its DEI programs. Simply put: The company qualifies as a government contractor because it sells its products to military bases and other federal facilities. But a recent executive order prohibits the federal government from awarding contracts to companies that maintain DEI programs involving “illegal discrimination or preferences.”…
24 of the Fortune 500 companies currently require five days per week in the office. Below, you’ll see 26 notable companies (all 24 Fortune 500s plus two other notables) with five-day RTO policies. Any time a new company announcement comes out, we’ll update the post. Want to access this list in a free spreadsheet? 1) Amazon According to CNBC, Amazon CEO Andy Jassy sent…