New Delhi, Nov. 11 -- Diversity Equity Inclusion (DEI) had become a big thing a few years back. There was a big political push and Silicon Valley embraced the concept. But off late it is seeing some backlash. Tech giants like Google, Facebook and Zoom have slashed their DEI programs. Hiring in this sector has started to shrink. DEI advocacy groups are seeing a decline in funding.

BlackRock is a giant investment company with $11.5 trillion in "assets under management". Their Aladdin tech platform introduced in 2013 was a big success. It successfully picks up which companies to invest automatically. BlackRock introduced a DEI like ESG (Environmental, Social, Governance) which was integrated into Aladdin. Companies now had no choice but to ...