00:00It's Benzinga, and here's what's on the block.
00:02Microsoft reportedly shut down a major diversity, equity, and inclusion team,
00:06and the team's former lead sent an internal email accusing the company's executive leadership
00:11of investigated and evidenced discrimination, harassment, and toxicity.
00:15The email stated that the lead's role and team were eliminated due to changing business needs.
00:20The email asserts that DEI programs are in danger across businesses,
00:24as some see the work as no longer being business-critical.
00:28Microsoft had previously pledged to increase representation
00:31and invest $150 million in DEI initiatives by 2025.
00:34For all things money, visit Benzinga.com.
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