00:00It's Benzinga, bringing Wall Street to Main Street.
00:02IBM agreed to pay 17-town R07 million to settle federal allegations that it used illegal diversity,
00:08equity, and inclusion hiring practices, according to Benzinga. The Department of Justice said
00:13IBM falsely certified compliance with anti-discrimination rules while maintaining
00:17race- and sex-based hiring and promotion practices. Acting Attorney General Todd Blanche said
00:22government contractors cannot use DEI programs to justify or conceal illegal racial discrimination.
00:28IBM told CNN that its workforce strategy focuses on skills and did not admit liability. The
00:33settlement does not mean IBM admitted wrongdoing or that the U.S. dropped its claims. The company
00:38did not immediately respond to Benzinga's request for comment. The settlement marks the first
00:42resolution under the DOJ's Civil Rights Fraud Initiative, launched in May 2025. The action
00:47follows Trump's orders to terminate DEI programs across federal agencies and comes as companies
00:52face increased scrutiny over diversity policies. For all things money, visit Benzinga.com.
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