Paramount Global Headquarters in New York on August 27, 2024.
Yuki Iwamura | Bloomberg | Getty Images
Paramount Global According to a memo obtained by CNBC, it told employees this week it has ended its numerous diversity, equity and inclusive policies.
In a memo sent to employees Wednesday, Paramount said President Donald Trump’s executive order would comply with the ban on federal practices and requiring agencies to investigate private businesses in the DEI program.
Co-CEOS George Cheeks, Chris McCarthy and Brian Robbins cited the memo executive order, Supreme Court and federal orders, as the media giant’s policies change.
In the changes, the company said it would “not set or use ambitious numerical targets related to race, ethnicity, gender or gender.” Paramount also said it has ended its policy of collecting such statistics for US job seekers on its forms and career pages, except for legally necessary markets.
“To be the best storyteller and promote success requires a very talented, dedicated and creative workforce that reflects the perspectives and experiences of many different audiences.
They added that they will continue to appreciate their policies and seek talent from all backgrounds.
Paramount participates in many diversity, equity and inclusive efforts. After George Floyd’s police murder, he donated millions to racial justice causes in 2020, promoting initiatives such as supplier diversity programs and content for change. The company has held its annual Inclusion Week for years and maintains its Global Inclusion Office.
“Diversity, equity and inclusion are fundamental to our business,” he said during Paramount’s 2023 Inclusion Week.
Paramount joins your favorite company Walmart, target and Amazon Rolling back their DEI goals and policies over the last few months. Others like Apple and Costco have publicly defended and committed to their stance, even if the Trump administration escalated attacks on practices.
Since taking office last month, media companies have taken various steps to respond to changes in the Trump administration’s policy.
This week too Warner Bros Discovery Executives told employees that they would resume DEI’s efforts as “inclusive” and would update their website to reflect the changes, according to a memo obtained by CNBC. They also said Warner Bros Discovery would not participate in third-party workplace surveys and would have a “uniform and consistent application process” for its development program.
Earlier this month, Disney The DEI program has been changed. This includes performance factor updates and rebrand initiatives and employee resource groups.
Around the same time, public broadcaster PBS, as a recipient of federal funding, is more directly affected by Trump’s order than businesses — said it would close its office. CNBC reported that DEI employees will be leaving the company to comply with Trump’s executive orders.
Meanwhile, the Federal Communications Commission has launched an investigation Comcast About that effort. Trump’s executive order, signed on his first day in office, directs federal agencies to identify and investigate “the most severely discriminatory day practitioners” in the sector. Comcast previously said in a statement that it would cooperate with the investigation.
Disclosure: Comcast owns NBCuniversal, the parent company of CNBC.
