While the U.S. is not definitively in a recession, many companies are preparing to slow down hiring, make budget cuts and even let go of some of their workforce — but does that mean DEI should fall by the wayside?
In order to combat record inflation, the Federal Reserve will continue to raise interest rates in 2023, slowing overall spending and economic growth. Employers have already looked for ways to reduce costs in the past year, with 18% of companies reporting that they decreased their investment in DEI, according to recruiting software company Lever. However, this may be one of the worst choices employers can make in 2023, says Jess Green, senior vice president of customer success at Lever.
