At the beginning of 2023, Microsoft found itself in a PR firestorm. The company was working to demonstrate its progress in artificial intelligence following a multi-billion dollar investment in OpenAI, the maker of ChatGPT. It added an AI powered chatbot into its Bing search engine, but almost as soon as people started using it, things went sideways.
A lack of focus on DEI also — perhaps self-evidently — has a clear impact on organizational equity, as fewer companies prioritize work that dismantles structural biases. However, Elliott points out that many companies that distance themselves from DEI now may never have been truly invested in their goals.
CEO Jim Farley sent a memo to all employees early Wednesday outlining the changes, including a decision to stop taking part in external culture surveys and an annual survey by the Human Rights Campaign that measures workplace inclusion for LGBTQ+ employees.
Language matters. If DEI is the right acronym for your organization, don’t let the naysayers force you to pivot. If people understand what it means, why it matters and how the organization is using DEI to create a competitive sustainable advantage, it is likely a long-term fit.
The number of women appointed as CFOs globally reached a five-year high in the first half of this year, although they remain underrepresented in the role, according to a recent report by leadership advisory firm Russell Reynolds Associates.
