<p><a href="http://dailywire.com/topic/big-tech" target="_blank" rel="noopener">Technology</a> companies introducing mass <a href="http://dailywire.com/topic/unemployment" target="_blank" rel="noopener">layoffs</a> in a bid to control costs and increase profits are dismissing employees who oversee diversity, equity, and inclusion efforts, also known as <a href="https://www.dailywire.com/topic/diversity-equity-and-inclusion-dei" target="_blank" rel="noopener">DEI</a>.</p>
<p>Several prominent firms, from social media companies Meta and Twitter to software behemoths Microsoft and Salesforce, have reduced headcounts as elevated consumer demand, which followed the lockdown-induced recession, began to slow. More than 93,000 workers have been dismissed from technology firms so far in 2023, according to a <a href="https://news.crunchbase.com/startups/tech-layoffs/#:~:text=More%20than%2046%2C000%20workers%20in,person%20layoff%20announcements%20this%20week." target="_blank" rel="noopener">report</a> from Crunchbase, even after companies in the sector nixed some 140,000 positions last year.</p>
<p>DEI employees have seen an elevated degree of attrition relative to their colleagues since late 2020, with the trend accelerating in the last six months, according to an <a href="https://www.reveliolabs.com/news/social/cutting-costs-at-the-expense-of-diversity/" target="_blank" rel="noopener">analysis</a> from Revelio Labs. “Bearing in mind the typically small size of DEI teams,” Revelio said, “these outflows likely amount to the exodus of entire diversity teams.”</p>
<p>More than 300 DEI professionals have left companies such as Amazon, Intel, and Twitter since the middle of last year.</p>
<p>Revelio added that companies with DEI teams tend to be more racially diverse; the dismissal of DEI staffers “signals the value that companies place on making diversity and inclusion a priority for the future.”</p>
<p>Critics of the DEI movement observe that proponents advocate the mingling of racial or sexual identity with critical hiring decisions, leading to a decline in overall profitability and efficiency as efforts to merely hire the most qualified candidates are deprioritized. Diversity specialists nevertheless earn an average of $84,000 per year in base pay, $11,000 per year in bonuses, and $19,000 per year in stock benefits for expected annual compensation ranging between $90,000 and $148,000, according to an <a href="https://www.glassdoor.com/Salary/Google-Diversity-Specialist-Salaries-E9079_D_KO7,27.htm" target="_blank" rel="noopener">estimate</a> from Glassdoor.</p>
<p>Bloated headcounts and excessive compensation have drawn the attention of numerous Silicon Valley investors and hedge fund managers. Children’s Investment Fund Management CEO Christopher Hohn <a href="https://www.dailywire.com/news/google-should-dismiss-more-employees-cut-excessive-salaries-from-median-300k-investor-argues" target="_blank" rel="noopener">told</a> Google CEO Sundar Pichai that “cost discipline is now required as revenue growth is slowing,” while Altimeter Capital Management CEO Brad Gerstner <a href="https://www.dailywire.com/news/investor-tells-zuckerberg-to-cut-headcount-cool-down-metaverse-push-since-no-one-knows-what-it-even-means" target="_blank" rel="noopener">pressed</a> Meta CEO Mark Zuckerberg to reverse the “lack of focus and fitness” at the company.</p>
<p>DEI consultants witnessed a deluge of enthusiasm from corporations following the death of George Floyd while in police custody in the spring of 2020 and a resultant increase in social justice activism. Some 39% of companies offered diversity programs in 2020 compared to 29% in 2019, a figure which later rose to 43% in 2021, according to an <a href="https://www.dailywire.com/news/businesses-pulled-back-on-diversity-equity-and-inclusion-programs-this-year-new-report-finds" target="_blank" rel="noopener">analysis</a> from Glassdoor. In 2022, however, 41% of workplaces offered diversity programs, marking a decline from the previous year.</p>

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Technology Firms Send Diversity Czars Packing In Bid To Become More Profitable