Billionaires Criticize DEI Efforts as Companies Navigate Backlash

Despite high-profile criticism, experts suggest DEI initiatives will evolve rather than disappear, highlighting their benefits for business performance and innovation.

Prominent billionaires, including Elon Musk and Bill Ackman, have publicly criticized diversity, equity, and inclusion (DEI) efforts, calling them 'racist' and 'illegal'.
Despite the backlash, experts suggest that DEI efforts in corporate America are likely to evolve rather than disappear, as they are seen as beneficial for business performance and innovation.
Data from job site Indeed shows a decline in job postings with 'DEI' in the title or description, suggesting some businesses may be reversing course on their DEI efforts.
Harvard's first Black woman president, Claudine Gay, resigned amidst a plagiarism scandal and controversy over her handling of antisemitism on campus, sparking further debate about DEI.
Companies are reportedly beginning to rebrand DEI policies, shifting focus towards 'wellbeing and inclusion', in response to the growing criticism.