Shareholders are asking the retail giant to explain recent policy changes amid concerns about the company caving to pressure from anti-diversity activists. More than 30 Walmart investors, representing $266 billion in assets under management or advisement,

Walmart’s (WMT) in hot water. More than 30 shareholders, representing $266 billion in assets, are demanding answers over the company’s rollback of its diversity, equity, and inclusion (DEI) efforts.

Meta confirms Axios report that the company is is axing its diversity, equity and inclusion efforts, including for hiring and training.

A group of more than 30 shareholders representing $266 billion in funds has asked Walmart Inc. to explain its business case for retreating on diversity, equity and inclusion initiatives, describing the decision as “disheartening.

A group of shareholder activists defending diversity initiatives as a business necessity is decrying Walmart’s decision to nix certain DEI programs.

Maryland Attorney General Anthony Brown joined a coalition of 13 other attorneys general in a letter urging Walmart to reconsider its plans to back away from its diversity, equity, and inclusion (DEI) initiatives.

Attorneys general from 13 states have signed a letter raising concerns about Walmart's decision to roll back its diversity, equity and inclusion policies. The company, which is the world's largest retailer,

Some Walmart shareholders say the retailer hasn't offered a good business case for canceling its diversity, equity and inclusion programs.