Companies in the U.S. were already backing off on DEI, then Walmart entered the chat: This week the retail giant said it would cut back its diversity, equity and inclusion initiatives. Why it matters: Walmart is the largest private employer in the country,

Like many US corporations, Walmart – which is the country's biggest single employer with a workforce of around 2.1m – launched many new diversity programs in the wake of the George Floyd protests in May and June 2020.

Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.