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Goldman Sachs scrubs mentions of ‘Black' from racial diversity web page amid DEI rollback
New York Post· 2025-05-02 14:35
Core Viewpoint - Goldman Sachs has revised its diversity initiatives, particularly the "One Million Black Women" program, by removing explicit references to race and reframing the language to focus on broader economic terms, reflecting a shift in corporate strategy amid increasing scrutiny and legal concerns related to diversity, equity, and inclusion (DEI) programs [1][2][11]. Group 1: Program Changes - The "One Million Black Women" initiative, originally launched with a commitment of $10 billion in investments and $100 million in philanthropy, has seen its language altered to eliminate specific references to race, now emphasizing terms like "growth and opportunity" [1][5]. - The "Black in Business" program, initially aimed at supporting black businesswomen, has also had racial references removed, now focusing on helping entrepreneurs maintain profitability [4][9]. - Goldman Sachs has shifted the management of investments related to the program to its Urban Investment Group, aligning with federal mandates to support low-income areas [13]. Group 2: Financial Commitments - Updated figures indicate an increase in financial commitments, with investment capital rising from nearly $3 billion to $3.6 billion and philanthropic support increasing from $39.4 million to $41 million [5]. Group 3: Industry Context - The revisions at Goldman Sachs are part of a broader trend among Wall Street firms, including BlackRock and Bank of America, which have also scaled back or modified their DEI initiatives in response to legal pressures and changing political climates [10][18]. - The Supreme Court's 2023 ruling against race-based affirmative action in college admissions has prompted corporations to reconsider their diversity programs to avoid potential legal challenges [11][12].
TalentAlly and disABLEDperson Celebrate 10 Years of Partnership Empowering Job Seekers with Disabilities
Globenewswire· 2025-04-29 20:45
Core Insights - TalentAlly celebrates the 10th anniversary of its partnership with disABLEDperson, Inc., focusing on expanding employment opportunities for individuals with disabilities [1][3] - The collaboration has led to the growth of the Ability Careers platform, attracting nearly 20,000 users from the disability community in the past year [2] - TalentAlly prioritizes disability inclusion through 35-45 annual job fairs, both online and in-person, to enhance recruitment efforts [2] Company Overview - TalentAlly is a business unit of Professional Diversity Network, Inc. (NASDAQ: IPDN), providing inclusive recruitment solutions and job board services [1][7] - The mission of TalentAlly is to bridge the gap between diverse individuals and inclusive companies, promoting diversity, equity, and inclusion in the workplace [4] - disABLEDperson, Inc. is a nonprofit organization focused on reducing the unemployment rate among individuals with disabilities through accessible job boards and advocacy [6]