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The Guardian
195 days

Google scraps diversity hiring goals and cites Trump's DEI orders

1. Google is discontinuing goals for underrepresented group hiring. 2. The change aligns Google with other Silicon Valley firms ditching DEI initiatives. 3. Alphabet removed pro-DEI language from its SEC disclosures. 4. The move is in response to recent court rulings against DEI programs. 5. Meta and Amazon have also recently scaled back their DEI efforts.

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FAQ

Why Bearish?

The rollback on DEI initiatives could affect employee morale and public perception, similar to how past layoffs influenced stock prices negatively.

How important is it?

Changes in DEI policies can shape workplace culture and investor sentiment, impacting Alphabet’s stock performance.

Why Short Term?

Immediate backlash from stakeholders may impact share prices quickly, as public sentiment fluctuates.

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