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After the death of George Floyd in 2020, many of the top companies of America committed unprecedented amounts and promised policy changes, all aimed at racial justice. Now, five years later, after a cultural recoil, many of the same companies have since reversed the course on Dei.
George Floyd, a 46-year-old black man, died on 25 May 2020, after white policeman Derek Chauvin knelt in his neck for more than nine minutes during an arrest. Chauvin was convicted a year later for second -degree murder. In the aftermath of the death of Floyd, waves of protests and riots broke out in cities throughout the country and called for racial justice.
Corporate America responded to the raced tumult by making drastic promises to finance racial justice programs and to embrace policy to increase racial representation in their workplaces. America’s top 50 companies promised almost $ 50 billion for racial equality in the immediate aftermath of Floyd’s death, the Washington Post reported.
McDonald’s released a commercial with a list of black individuals killed, including Floyd, shortly after his death, and declared him “one of us”. In 2021, the Golden Bogen Diversity Goals implemented and promise 35% representation of under -represented groups in leadership roles and 45% female representation in leadership roles by 2025.
Dei is dead. This is what should come
McDonald’s has dropped his ambitious recruitment goals. (Istock / Istock)
However, the fast food chain announced in January that it would reverse some of his dei initiatives, including the cessation of his ambitious representative goals. Moreover, McDonald’s said that it no longer participated in external business surveys, which meant that the “mutual dedication to dei promise” and the name of his diversity team in the global inclusion team changed.
Bank of America made an obligation of $ 1 billion in June 2020 to promote “racial equality and economic opportunities”, a month after the death of Floyd. The bank has promised $ 25 million to job initiatives that benefited $ 1.25 billion To “include racial justice and advocacy for people of Asian descent.” In the annual report of the Bank of America’s 2025, the bank announced that it had completed that commitment.
Google promised millions of dollars for racial justice initiatives after the death of George Floyd. (AP Photo / Don Ryan, File / AP images)
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Years later, however, the bank seemed to take a different approach to racial justice. After Trump took office for his second term, Bank of America dropped references to Aspiratie -Accrease and a rule that obliges inhiring managers to consider a diverse candidate saving for certain positions in his annual archiving in February 2025.
“We evaluate and adjust our programs in the light of new laws, judicial decisions and, more recent, executive orders of the new administration. Our goal is and remains to make opportunities available to all our customers, shareholders, teammates and the communities we serve,” said Bank of America in a February statement.
Bank of America promised more than $ 1 billion in racial equity and economic opportunities after the death of George Floyd.
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Google promised $ 225 million in donations after the death of Floyd, according to the Washington Post. These commitments include $ 12 million for “organizations that work on tackling racial inequalities” and $ 1 million To the Center for Policing Equity and the Equal Justice Initiative.
In February, however, the Tech -Kolos announced that it also rolled back part of his dei policy, including no longer increasing an increasing representation of minorities in the workplace.
Shortly after taking office for his second term, president Donald Trump Close all offices for diversity, shares and inclusion (dei) in the federal government and signed a number of executive orders that have lost weight.
President’s efforts to end Dei in the federal government the scaling led back or cancellation From dei programs in the private sector.
