Part 4/10:
After the awakening catalyzed by the Black Lives Matter movement in 2020, companies promised to elevate Black employees within their structures. However, as economic uncertainty looms, many businesses have begun to roll back DEI initiatives. Data reveals that the proportion of Black workers in S&P 100 companies has dropped from a peak of 17.7% in 2020 to 16.8% in 2023. Disturbingly, 26% of layoffs in 2023 disproportionately affected Black employees, highlighting a troubling correlation between diversity hiring and job stability.