Corporate America Promised to Hire a Lot More People of Color. It Actually Did.

Bloomberg (09/26/2023)
  • In the year following the George Floyd protests, Bloomberg analyzed 2020 and 2021 workforce demographics for 88 of the 100 largest publicly-traded US companies and found over 300,000 jobs added, with 94% going to people of color.
  • Most significant changes occurred in less senior roles, but racial diversity also increased in executive and managerial positions.
  • Despite these changes, White employees still dominate high-paying roles in the S&P 100.
  • Also, recent layoffs and conservative pushback against diversity initiatives have deprioritized workforce diversity.