Target is the latest major company to reverse its diversity, equity, and inclusion (DEI) initiatives.
Per a new memo made public on Friday, the Minneapolis-based retail giant will be joining large companies, including Walmart, McDonald’s, and Meta, to name a few, by phasing out its DEI focus. That means ending three-year DEI goals that were previously laid out.
“Many years of data, insights, listening and learning have been shaping this next chapter in our strategy,” chief community impact and equity officer Kiera Fernandez said in an internal memo sent to staff on Friday, per CNBC. “And as a retailer that serves millions of consumers every day, we understand the importance of staying in step with the evolving external landscape, now and in the future – all in service of driving Target’s growth and winning together.”
Per Reuters, the company pledged in 2022 to invest more…
