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New York Post
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Google axes diversity hiring targets in latest DEI retreat by major firm

1. Google scrapped diversity hiring targets, joining other major tech companies. 2. The company removed DEI commitment language from its SEC filing. 3. Recent Supreme Court ruling against affirmative action influences DEI retreat. 4. Staff diversity remains low with only 5.7% Black and 7.5% Latino employees. 5. Competitors like Meta and Amazon are also winding down DEI initiatives.

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FAQ

Why Bearish?

Cuts to diversity initiatives may lead to negative public perception, similar to backlash faced by other firms.

How important is it?

Changes in DEI can impact Googles' brand image and investor confidence, affecting stock performance.

Why Short Term?

The news can quickly influence investor sentiment as backlash against corporate practices develops.

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