Companies rolling back DEI efforts: Here's why

Liz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss companies rolling back DEI efforts, what's behind the broader shift amongst corporations, the Harris economic agenda, and more.

[E-ly]

DEI is always about skin colour or gender. We have come full circle from, Martin Luthers dream of a future and the value of our character right back to being judged by the colour of our skin and gender. We were so close to getting it right and now a generation of people have to go through the pains of arguing about melanin.

[gooberstankable]

About time. Hiring on merits vs skin color is not racist.

[Agwings]

DEI is not compatible with performance based businesses, which is why you'll never see it in professional sports

[dingbario]

Racist hiring vs merit based hiring. Who would win?

[bradwilliams]

In my opinion no business should take a stance on social or political issues as that would alienate some potential customers.

[syedarmaghanhassan]

Why force diversity? Is it not a more fair thing to base employement decisions on merit and fairness?

[FXRunner]

When times get tough, companies reduce or remove departments that dont add to the bottom line. I wonder where the DEI Departments fit into that.

[benproffitt]

Makes complete sense for any business to hire the most qualified and talented applicants they can. Hiring based on color, gender, culture will eventually destroy a company if the talent isn’t there to back it up.

[headspaceandtiming]

DEI is crap. Merit makes money. And Harris is not Centrist. She is also full of it.

[sankalp]

About damn time. Just wish my employer wasn't going in the opposite direction.

[itsjustramblings]

This is good. Let us decide on meritocracy, based purely on skills, talent and let's make hiring open to all and whoever is best gets the job and make sure the hiring is transparent so every hiring decision is known to all, no more hiring friends or friends kid, nepotism and so on. Bring in a neutral person to hire.

[RobEGR]

MEI - Merit, Excellence, and Intelligence.

[watercycles]

Harris is known as the most left senator... how is that centrist?

[ReclaimingMyTime-rzbz]

My question is, if Liz believes Kamala Harris has been historically centrist, how far left is Liz?

[greglampke-ywki]

Why force hiring based on skin color and genitalia? I don’t care what the employees look like but I do care if they are competent.

[philliproderick]

Today I'll start shopping at Lowes again. It's been a couple of years

[flatfever]

This guy is great and calls out her progressive BFF. Thank you sir for stating the obvious.

[fredk]

DEI has been on full display recently with university presidents unable to deal with crises and then the Special FBI agent in charge of the Butler, PA disaster—a squat female who couldn’t find her holster in over her head

[mlmoreno]

Merit first!
No one wants to think they are second best.

[ricksterbobolishious]

By DEI you mean anti whyte? That's literally all it is.