Walmart hired more people of color, but not at the executive or boardroom level, new report says
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Walmart President and CEO Doug McMillon addressed racial inequality head-on during one of the company’s virtual employee meetings over a year ago.
“The murder of George Floyd is tragic, painful and unacceptable,” McMillon told Walmart global employees in June 2020. “Words and feelings matter, but they’re not enough. More action is needed. We will find some new ways to accelerate the desire for changes within our business and we will also find ways in which our business can influence real change in our country. ”
Yet only about 9% of Walmart executives are African American, the latest company demographics confirm. The company says this is an increase of 2.28% from the same period last year.
Latinos make up nearly 18% of Walmart’s employee population, but only 5.5% of company executives, according to the report. Asians, who represent more than 4% of the brand’s employees, represent more than 10% of its managers and 9% of its directors. Whites represent more than 53% of Walmart’s workforce and represent more than 63% of its managers and 74% of its executives.
The report also says people of color make up more than 46% of Walmart’s workforce, but the company’s website shows that black and brown Americans only make up about 16.7% of the 12 board members of Walmart. administration of Walmart.
In its most recent DCI report, Walmart highlighted the marginal gains women have made at the officer level, as well as the May launch of its Accessibility Center of Excellence, designed to advance equity and inclusion of people with disabilities.
“While we’ve made progress, we still have work to do,” the company told CNN Business on Friday via email.