Feb 20 (Reuters) - PepsiCo ( PEP ) has joined the
growing list of major U.S. companies that are making changes to
their diversity, equity and inclusion programs as President
Donald Trump pushes to dismantle the practice across the federal
government and private sector.
The Frito-Lay to 7Up maker will end DEI workforce
representation goals and transition its chief DEI officer to a
broader role looking into associate engagement and leadership
development, according to a memo to company associates. The
officer will also continue working on its 2021 "A Space to Be
You" program.
PepsiCo ( PEP ) is revising its DEI program as 2025 marks the end of
its five-year strategy and it will introduce a new "Inclusion
for Growth" strategy, CEO Ramon Laguarta said in the memo.
American corporations from Target ( TGT ) to Alphabet-owned
Google have either dropped or considered changing
their DEI policies after Trump urged private-sector companies to
end "illegal DEI discrimination and preferences".
Trump has also directed federal agencies to terminate DEI
programs and warned of cuts in federal funding for academic
institutions and universities if they continue the policies.
PepsiCo ( PEP ) is also expanding its supplier base by broadening
opportunities for all small businesses to be a part of the
company, according to the memo.
The snacks and beverages giant will also no longer
participate in single demographic category surveys, the memo
said.