After decades of failed diversity pledges and good-faith promises to hire more minorities, U.S. companies are taking a more aggressive approach. For the first time, some of the biggest corporations are setting concrete racial quotas.
As many as a half-dozen companies have said they’ve adopted workforce quotas in recent months. These include Wells Fargo, the nation’s third–biggest bank, which said it will increase Black leadership to 12%. The bank last week settled federal allegations of hiring bias. Meanwhile, fashion house Ralph Lauren said it aims to make 20% of its global leaders people of color, including Black, Asian and Latino workers. Delta Air Lines, where 7% of the top 100 in the organization are Black, will double the percentage of Black officers and directors by 2025.
