Big businesses retreat from diversity efforts amid Trump 2.0, seeking pragmatism over outrage in response to potential policies.
Recent trends indicate a significant retreat from diversity initiatives among major companies in the United States.
First, a Tennessee home improvement retailer made changes, followed by Harley-Davidson, Walmart, and Ford.
This week, McDonald’s announced it would no longer require suppliers to track hiring practices or maintain diversity goals.
These shifts reflect a growing trend where corporate leaders appear to be preparing for the potential return of Donald Trump to the presidency.
During Trump’s first term, corporate relationships were tense, especially during periods of public unrest and protests.
In contrast, recent interactions between Trump and prominent business leaders, including Mark Zuckerberg, Jeff Bezos, and others, suggest a warming relationship.
Following the recent election, significant donations to Trump’s inauguration highlight this shift in corporate dynamics.
Prominent business figures from both the US and Australia have been seen engaging with Trump, indicating a change in attitude towards his administration.
Elon Musk is set to play a major role in government efficiency efforts aimed at substantial budget cuts.
Arthur Sinodinos, a former ambassador, noted that Trump may now feel he has greater power compared to his first term, controlling key government branches.
As a result, companies are reassessing their strategies.
