Blows my mind how fast this switch was. I thought it would trail off over years, but its like everyone decided at once to drop DEI.
The first is preference falsification Cascade.
The second is the fact that businesses are legally obligated through their fiduciary duty to maximize value for shareholders. Many of these Dei programs couldn't logically be justified through the lens of maximizing shareholder value, so once they were no longer legally mandated, in a sense, there was a pre-existing legal mandate to remove them.