The Chief Diversity Officer (CDO) trend that took over corporations and universities in recent years is showing signs of decline, according to a Wall Street Journal article titled “The Rise and Fall of the Chief Diversity Officer” by Te-Ping Chen and Lauren Weber. This development is likely to upset left-leaning ideologues while conservatives rejoice. Companies such as Netflix, Disney, and Warner Bros. Discovery have started reconsidering their emphasis on Diversity, Equity, and Inclusion (DEI), resulting in high-profile DEI executives losing their jobs. Thousands of diversity-focused workers have been laid off since last year.
For those who have questioned the viability of DEI, gender theory, critical race theory, and other progressive concepts in generating profit, their downfall is a testament that most people, despite the repeated promotion of these ideas by the media, do not subscribe to them. While DEI serves as an effective vehicle for radical progressives to spread their ideology, it is detrimental to the bottom line of businesses, making its demise inevitable. Investing in postmodern-infused wokeness has proven to be a poor business decision, which corporate stakeholders have increasingly recognized.
Miriam Warren, the chief diversity officer for Yelp, shared some of the challenges faced by DEI executives. However, empathizing with her struggles seems inconsequential given the potential damage caused by her pushing of radical left agenda into the workplace. It is more important for her to seek employment in a field that aligns with her values instead of imposing them on others.
The rise of the DEI trend can be traced back to the aftermath of George Floyd’s death in May 2020. Companies rushed to hire CDOs, possibly as a misguided attempt to claim the moral high ground. In 2018, less than half of the companies in the S&P 500 had CDOs, but by 2022, that number had risen to 75%. The DEI industry ballooned to $3.4 billion in 2020, according to a study. However, CDOs have experienced significantly higher turnover rates compared to their human resources counterparts.
Interestingly, searches for CDOs have plummeted by 75% in the past year, marking the lowest demand for such positions in three decades, according to a human resources expert. This shift indicates a waning interest in DEI in the corporate world. Companies like Bud Light and Target, who continued to champion progressive agendas, experienced significant financial losses, losing billions of dollars in revenue.
The decline of DEI in the corporate sphere offers hope that universities, which often serve as breeding grounds for progressive ideologues, will be next. It is essential for academia to realize that progressive education is not genuine education but mere indoctrination. As people become aware of the negative impact of indoctrinated graduates on businesses, both within and outside academia, enrollment in progressive programs is likely to decline.
The Supreme Court’s decision to overturn affirmative action in June has prompted companies to anticipate potential legal repercussions, which may have further contributed to their reevaluation of the DEI approach. It remains to be seen whether universities are conscious of the impending shift or, like Bud Light and Target, fail to see the bigger picture.
In conclusion, the declining trend of DEI in the corporate world offers a glimmer of hope on an otherwise dark horizon. It serves as a reminder to prioritize genuine education over indoctrination and that businesses must prioritize profitability rather than aligning with divisive progressive ideologies.