Target has announced plans to scale back its diversity, equity, and inclusion (DEI) initiatives following President Donald Trump’s inauguration. The retailer is aligning its workforce and offerings with customer needs after dropping its three-year DEI goals, including discontinuing reporting for Black- and minority-owned businesses and ending a program featuring their products in stores. The decision, shared with employees via a memo by Chief Community Impact and Equity Officer Kiera Fernandez, reflects changes in the external landscape. Fernandez emphasized Target’s commitment to growth and collaboration. No job cuts are reportedly tied to this announcement, contrasting with Brian Cornell’s earlier focus on DEI post-George Floyd’s murder. Target is aligning with other major companies like Meta, Walmart, and McDonald’s in scaling back similar initiatives.
Source: https://finance.yahoo.com/news/ain-t-target-rolls-back-230000834.html