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IBM has reached a settlement with the US federal government on Friday — agreeing to pay $17 million to resolve an anti-DEI investigation.
IBM will pay $17 million to settle a DOJ investigation into its DEI practices.
KEY POINTS
- The DOJ accused IBM of making false claims about hiring practices in federal contracts.
- This is the first settlement under the DOJ's new Civil Rights Fraud Initiative targeting DEI.
- Trump's executive orders have led many US companies to scale back diversity policies.
COMPANIES
Summarized by Newsio from The Financial Express. How we summarize →