1. Amazon removed 'inclusion and diversity' from its 2024 10-K filing. 2. Previous DEI focus has been reduced amid scrutiny from conservative groups. 3. Amazon plans to wind down some DEI initiatives like Google and Meta.
Removal of diversity references reflects broader industry trend. Past examples include Google's similar shift, indicating a cautious stance in corporate governance.
Shifts in DEI commitments can affect employee morale and public image, impacting stock performance indirectly.
Changes in policy may lead to immediate public and employee perception issues. However, this can stabilize quickly if managed well.