Walmart Inc. is stepping back from diversity, equity, and inclusion initiatives, ceasing the use of race and gender to evaluate supplier contracts, and halting demographic data collection for financing assessments. The retailer will no longer refer to DEI in communications, limit racial equity training, and reassess its support for LGBTQ events. The changes were announced after anti-DEI activist Robby Starbuck claimed he threatened Walmart with a boycott campaign ahead of Black Friday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart is stepping back from its diversity, equity, and inclusion initiatives, easing the
00:06use of race and gender to evaluate supplier contracts and halting demographic data collection
00:12for financing assessments. The retailer will no longer refer to DEI in communications,
00:17limit racial equity training, and reassess its support for LGBTQ events.
00:22The changes were announced after anti-DEI activist Robbie Starbuck claimed that he
00:27threatened Walmart with a boycott campaign ahead of Black Friday.