Since the Supreme Court ruled in 2023 to end affirmative action in college admissions, more than 30 states have introduced legislation banning or limiting diversity, equity and inclusion (DEI) initiatives.
This trend has adversely impacted DEI initiatives in the corporate world, with companies including DoorDash, Home Depot, Lyft, Meta, Snap, Wayfair and Zoom making significant cuts to their DEI teams. According to data from workforce analytics provider Revelio Labs, DEI jobs, which grew following Black Lives Matter protests in 2020, peaked in early 2023 before falling by 5% and by an additional 8% in Q1 2024.
Though activists have pushed companies, including Ford and Harley-Davidson, to scale back their DEI initiatives, historical marketing data supports the value of diversity in marketing.