Google scraps diversity-based hiring targets, WSJ reports
1. Google is reviewing its diversity hiring goals and initiatives. 2. This may affect its workplace culture and public perception.
FAQ
Why Bearish?
The retreat from diversity goals may reduce investor confidence, as seen in past cases where companies faced backlash for less inclusive practices. A decrease in overall brand equity can lead to long-term financial repercussions.
How important is it?
This article could significantly influence public perception of Google, which historically values diversity. Changes in public sentiment can directly impact stock prices, making this news notable for investors.
Why Long Term?
Changes to diversity and inclusion efforts can take time to show impacts on company culture and stock performance, similar to prior incidents where companies suffered reputational damage over their DEI initiatives.