this post was submitted on 19 Jul 2024
406 points (100.0% liked)

Technology

69109 readers
2355 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

cross-posted from: https://yall.theatl.social/post/3229309

From the Atlanta Daily World:

In a surprising yet increasingly common move, Microsoft has quietly dismantled its team dedicated to diversity, equity, and inclusion (DEI).  The decision, communicated via email to the affected employees on July 1, cited “changing business needs” as the reason for the layoffs. While the exact number of employees impacted remains unclear, the team’s lead didn’t … Continued

The post Microsoft Says Bye-Bye DEI, Joins Growing List Of Corporations Dismantling Diversity Teams appeared first on Atlanta Daily World.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 195 points 9 months ago (5 children)

Everything a corporation does that's not outright trying to fuck you out of your time or money is 100% a scam they're trying to pull to convince you they care.

I really wish people would stop falling for it, because, well, there's never going to be real progress made unless there's the force of law behind things like DEI.

[–] [email protected] 29 points 9 months ago (1 children)

If they brag about DEI on marketing pages... That's all the initiative is for. Virtue signalling for sales.

[–] [email protected] 3 points 9 months ago

Y'all need to just chill out and have a Pepsi

[–] [email protected] 24 points 9 months ago (3 children)

I dunno. I'm a believer that there is real benefit to diverse teams and there is some evidence in support of this. Seems like a diverse team could really help a company figure out how to keep fucking the money out of you harder.

[–] [email protected] 17 points 9 months ago (1 children)

Doing good work takes time to make money, execs need those quarterly bonuses right now. Much easier to do a bunch of layoffs and get that line up now.

[–] [email protected] 13 points 9 months ago

Which is ultimately the biggest reason companies suck so much worse now than they used to. Over a long enough time frame profit isn't the worst way to steer an organization. Negative actions have repercussions and companies used to avoid those.

But investors shortened the time frame so that everything and anyone is disposable. We have a handful of rich people hollowing out pretty much all companies in America and stripping them of value as fast as possible. We're destroying our economic base in a fire sale for like 9 people.

[–] [email protected] 12 points 9 months ago (1 children)

I dunno. I’m a believer that there is real benefit to diverse teams and there is some evidence in support of this.

You're 100% right! But good luck convincing the bean counters.

[–] [email protected] 2 points 9 months ago (1 children)

It's the CEOs that drive this decision for and against, not the bean counters.

[–] [email protected] 2 points 9 months ago

Most CEOs spend their time counting beans

[–] [email protected] 5 points 9 months ago

DEI programs don't really help diversity, in my experience. They just send emails and have social gatherings and make committees about initiatives about programs about metrics about committees about...

A true DEI program would focus on the grassroots level. Granular. They'd have a rep in every location, they'd have massive coordination with hiring managers and HR, they'd be recruiting volunteers and asking for feedback.

[–] [email protected] 17 points 9 months ago* (last edited 9 months ago) (2 children)

Well yeah. The point of a corp is to make a profit. By any means necessary. They are even legally compelled to do so. They are not here to serve us. They are here to take your money. Sometimes even backing you into a corner to force you to do it.

I just got done watching Fallout and I fully believe our corporations would do the same as the ones in the series given the chance.

Edit: after some research and the person below me informing me, I was mistaken about the legal requirement.

[–] [email protected] 26 points 9 months ago (1 children)

Minor niggle: they're legally compelled to work in the best interests of the shareholders which is usually but not always seeking profit at all costs.

But, in general, I don't disagree, I merely was mentioning that people keep getting suckered by pretty words and meaningless promises of change and then not bothering to make it have actual legal requirements behind it.

The mistake is looking at a CEO going Trust Me Bro, and trusting them. See: frog and scorpion story.

[–] [email protected] 3 points 9 months ago

You are right, I made a correction.

[–] [email protected] 15 points 9 months ago* (last edited 9 months ago) (2 children)

They are not legally compelled to do so. That's a nonsense myth, even for publicly traded companies.

[–] [email protected] 6 points 9 months ago (2 children)

A CEOs job is literally to serve the financial interests of the shareholders.

In fact a CEO can be fired or charged for not doing it.

How is that not legally compelling a company to make the most money possible, when to have their top employee by the balls like that?

[–] [email protected] 19 points 9 months ago (1 children)

A CEO can be fired for anything.

A CEO can absolutely not be criminally charged for not maximizing short term profits at all costs. That's not what fiduciary duty means.

[–] [email protected] 3 points 9 months ago (1 children)

Fair, charged is the wrong word.

But please explain how you see the fiduciary duty then?

[–] [email protected] 15 points 9 months ago

It's not "how I see it". It's a clearly defined legal term, that functionally means that you're required to act in good faith.

It doesn't mean more than that, and minority shareholders that have tried to sue on the grounds that they have any additional legal obligation have been laughed out of court.

[–] [email protected] 6 points 9 months ago

Serving the financial interests of shareholders doesn't necessarily mean maximizing short-term profits, as this often leads to less profit in the long term due to things like legal issues, loss of reputation, high turnover, etc. Long term growth and stability can be much more valuable than a couple quarters of unsustainable profit.

A good example of this is Red Lobster, whose new owners sold off all their restaurant real estate holdings to a newly formed shell company and then began charging each individual restaurant massive amounts of rent. Selling these properties gave the company a short-term boost of cash, but now they're bankrupt because they saddled the company with so much debt and rent that they can't cover.

[–] [email protected] 4 points 9 months ago

I corrected my comment. Thanks.