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Boeing $BA Dismantles DEI Department Amid Pressure on New CEO: Bloomberg

Oct 31, 2024, 09:40 PM

Boeing has dismantled its entire global diversity, equity, and inclusion (DEI) department amid mounting pressure on its new CEO. The move, reported by Bloomberg, makes Boeing the latest high-profile corporation to make significant changes to its DEI policy. The decision to dissolve the entire DEI team is part of a broader revamp of the company’s workforce under the new leadership. The changes come as the company shifts towards a merit-based system, reflecting a broader trend among corporations reassessing their DEI strategies. Boeing's stock, $BA, has been closely watched following the announcement.