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Google scraps diversity-based hiring targets, WSJ reports

Reuters • 336 days

GOOGGOOGL
High Materiality7/10

Information

Alphabet's Google is scrapping its goal to hire more employees from historically underrepresented gr...

Original source

Corporate Developments

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.

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.

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