Pinterest included the latest attacks on diversity, fairness and inclusion as possible commercial risks in Another 10 kilometer.
The company wrote in its file to investors that if its efforts on Dei are considered “insufficient or exaggerated”, it will be “able to attract and keep talents” and that the company “may be subject to investigations, litigation, and other procedures.”
“Our brand, reputation, and stock price may be damaged,” the company continued.
Pinterest did not immediately respond to our request for further comment.
the The revelation comes in the Pinterest file a few days after the goal, and it is a company that has retracted its efforts after a conservative violent reaction, which was prosecuted by its shareholders Risk Of diversity initiatives. This caused a violent reaction to the consumer and a decrease in the price of his share. As Reuters reported, the shareholders feel that they are targeted by defrauding them by making them They pay high stock prices, while the administration misused “investor money to serve political and social goals.
Pinterest is the latest company that re -evaluates its relationship with Dei as attacks on heating practice. Like many technology companies after Black Lives Matter protests in 2020, Pinterest showed a general commitment to diversity support, integration and creating creators’ money to Representative societies are an incomplete representation.
However, according to its website, it appears to be Pinterest Not released yet 2024 Diversity Report – Although it issued an ESG 2024 report. It has issued a diversity report since 2015, according to the previous 10 -K files.
Dei has been attacked since President Trump took office last month. He issued an executive order DEI software blocking In the federal government only and this week, US Prosecutor Bam Bondi directions The Ministry of Justice “Investigation, Judicial and Punishment of Dei illegal” and activities in private sector companies that receive federal funds.
Federal states are in addition to the lawsuits that Di punched last year. Conservative groups throughout the country are prosecuting or threatening to prosecute everything from banks, project companies, and adult retailers in funds, to end diversity and state programs.
The result has been a retreat from the Dei initiatives launched in the past few years. In Tech, some companies have started to drop some DEI policies because they seek to avoid conservative reaction and reduce relations with the new Trump administration.
Meta, Amazon and Google are all dropped or modified some Dei programs. As noted first By writer, newsletter, Michelle Lider, Google did not mention any diversity in The latest 10 k The deposit, despite the fact that it was mentioned eight times In the form of 2023 The company also said it was “committed to making diversity, fairness and integration” part of everything she did.
The newest shape of the 10 km of Pinterest is also far from One presented it to 2023Where the word was also mentioned at least eight times (instead of once as in its latest files in 2024), and where the company said it will also be interested in creating a comprehensive and varied workplace “to enable employees.
