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UPS announced it is cutting 12,000 jobs (out of about 530,000 person workforce) this year and is requiring all workers to return to the office 5 days a week.
So much for the great economy narrative
Elephant in the room is outsourcing and importation of foreign cheap labor instead of using citizens
James Carville ?
UPS announced it is cutting 12,000 jobs (out of about 530,000 person workforce) this year and is requiring all workers to return to the office 5 days a week.
AD says
James Carville ?
Stunning to think that he is less crazy than 90% of the media AND democratic staffers/appointees today.
Elephant in the room is outsourcing and importation of foreign cheap labor instead of using citizens
Thanks to a newly-enacted law last year, Florida’s public universities are slowly healing themselves of their racist Distractions, Errors, and Incompetence (DEI) departments. The latest this week was announced by Miami’s Florida International University which, Javier Milei-like, eliminated its DEI department:
I guess it’s spreading.
The WSJ reported last year that DEI discussions on corporate investor calls have become increasingly rare.
My oldest, best friend runs a large, contrarian investment fund. One of his favorite techniques to identify his short-sale targets (i.e., betting the stock price will fall) is counting up the minutes of investor calls devoted to DEI. He swears there is an inverse relationship between the proportion of DEI chatter and future stock performance.
In other words, the more corporate officials talk about their awesome DEI programs, the more it seems like they’re trying to distract investors from problems with their fundamentals. I would add that the more time and attention top management devotes to DEI, the less time and attention it has to give its real mission, which should be delivering a superior product or service.
Let’s test the theory. Victoria’s Secret, Moderna, and ConocoPhillips all significantly expanded their DEI teams last year. But even though the market as a whole is up, the jab company and the now body-positive lingerie firm are down year-over-year. Only the oil and gas company is up, and only about +1%. So.
Meanwhile, The Home Depot cut its DEI department by over 50% last year. Its stock is way up...
So. Maybe my friend’s rule works in reverse, too. Maybe there’s a positive relationship between deep cuts to DEI and an increased stock price. Somebody should look into that (because the media won’t, that’s for sure).
DEI is not just getting punched in the face by for-profit corporations. Last week, Florida’s largest public university axed its entire DEI department. According to the WaPo article, in just the last year state legislators have introduced at least sixty-five anti-DEI bills. Last year, the Supreme Court struck down affirmative action in college admissions, and the decision loaded ammunition into legal challenges against private employers’ hiring practices. Conservative groups have been suing prominent mid-size corporations over their psychotic, anti-white, discriminatory hiring practices.
Local Austin ABC affiliate KVUE ran a terrific story yesterday headlined, “Dozens of UT Austin employees in DEI-related roles to be laid off.” Well, to be honest, KVUE was not super excited about the news. The story’s first quote was Aaliyah Barlow, president of UT’s Black Student Alliance, who reportedly sobbed “honestly, I cried and I was angry.”
Thanks democrats! Welcome to 2024. This is what things have come to. Adults crying over politics. Forget about policy or even reason. It’s all emotion now: mainly grief and rage. I’m not exaggerating. KVUE’s next ‘DEI policy analyst’ quote was from UT junior Chrisdianna Mcafee, who said, "A lot of people are upset; all of my group chats are raging. All of the GroupMe’s, all of the Slacks – everybody is raging.”
Goodness. Her inability to enunciate a rational objection makes one wonder what Ms. Mcafee’s student loan balance has climbed up to. The University of Texas might be wildly succeeding in its ‘emo’ studies, but it is clearly failing students elsewhere. Is that really value for money?
The news devastating UT’s far-left students was the announcement by the school’s president that, following passage of a new Texas law, the school’s DEI department would be rolled up, its diverse faculty employees reassigned, its funding equitably redeployed, and around 60 highly-inclusive “support staff” would be ashcanned. The president explained:
Funding used to support DEI across campus prior to SB 17's effective date will be redeployed to support teaching and research. As part of this reallocation, associate or assistant deans who were formerly focused on DEI will return to their full-time faculty positions. The positions that provided support for those associate and assistant deans and a small number of staff roles across campus that were formerly focused on DEI will no longer be funded.
This is more excellent progress. And the blue-state / red-state divide grows ever wider.
Dozens of Secret Service Agents Ask Congress to Investigate Whether DEI Puts America at Risk
Thirty-nine Secret Service agents have signed a petition calling on Congress to investigate whether Marxist “diversity, equity, and inclusion” (DEI) policies are putting America at risk.
The petition followed a bizarre incident involving a Secret Service agent assigned to Vice President Kamala Harris, the Tampa Free Press reported. ...
“There’s a petition circulating inside the US Secret Service that flags concerns about ‘a number of recent Secret Service incidents indicative of inadequate training,’ a double standard in disciplinary actions, and a vulnerability ‘to potential insider threats’ that could pose a risk to US nat sec,” she wrote.
“Aim is to call for a congressional investigation, petition says,” she later added. ...
A news release from the U.S. Secret Service on April 22 said that an agent assigned to Harris “began displaying behavior their colleagues found distressing” before coming to blows with a supervising agent, CBS News reported.
“The agent was removed from her assignment while medical personnel were summoned,” the statement added.
Other sources present said the agent was muttering incoherently before engaging in a physical fight with a superior at the Joint Base Andrews.
The agent who was the aggressor was immediately subdued and detained by fellow agents, as Slay News reported.
RealClearPolitics identified the agent as Michelle Herczeg, a female agent on Harris’s security detail.
An ambulance took Herczeg to an area hospital where the agent was admitted. ...
The incident led to claims that Herczeg’s mental state may have been overlooked in order to comply with DEI hiring practices.
RealClearPolitics reporter Susan Crabtree revealed on social media that sources within the Secret Service questioned whether the agent in question was still on duty as a consequence of DEI policies.
Crabtree offered some other details in a post on X.
“Sources within the Secret Service community tell me the agent assigned to VP Kamala Harris was armed during the fight – that the gun was secured in the agent’s holster until other agents physically restrained the agent and took the gun from the agent’s possession,” she posted.
Crabtree said there are internal concerns over the incident.
“I’m also told there are DEI concerns among the USSS community about the hiring of this agent.
According to data provided by job site Indeed, cited by CNBC, DEI-related job postings in 2023 have declined 44%.
In November 2023, the last full month for which data was available, DEI job postings dropped 23% year over year.
Layoffs at Google and Meta also included employees who held leadership roles in Black employee resource groups (ERGs), CNBC said.
Devika Brij, CEO of Brij the Gap Consulting, which works with tech companies’ DEI efforts, told CNBC that some companies have cut nearly 90% of their DEI budget by midyear 2023.
“When George Floyd began to become the topic of conversations, companies and executives doubled down on their commitments and here we are only a couple years later, and folks are looking for opportunities to cut those teams,” Brij said.
Melinda Briana Epler, the founder and CEO of Empovia, said that the cuts in DEI in 2023 were “stark” compared to previous years.
“Whenever there is an economic downturn in tech, some of the first budgets that are cut are in DEI, but I don’t think we’ve seen such stark contrast as this year,” Epler told CNBC.
The layoffs come just three years following the boom in DEI initiatives that came during the Black Lives Matter protests and riots.
https://nypost.com/2023/12/28/tech/google-meta-other-tech-giants-slash-dei-related-jobs-resource-groups-in-2023-report/