Shareholders are asking the retail giant to explain recent policy changes amid concerns about the company caving to pressure from anti-diversity activists. More than 30 Walmart investors, representing $266 billion in assets under management or advisement,

Walmart’s (WMT) in hot water. More than 30 shareholders, representing $266 billion in assets, are demanding answers over the company’s rollback of its diversity, equity, and inclusion (DEI) efforts.

Meta confirms Axios report that the company is is axing its diversity, equity and inclusion efforts, including for hiring and training.

A group of more than 30 shareholders representing $266 billion in funds has asked Walmart Inc. to explain its business case for retreating on diversity, equity and inclusion initiatives, describing the decision as “disheartening.

The top prosecutors from 13 states signed the letter addressed to Walmart CEO Doug McMillon. They want to know why Walmart is rolling back its diversity policies and how the company is planning to protect civil rights in the workplace.

Some Walmart shareholders say the retailer hasn't offered a good business case for canceling its diversity, equity and inclusion programs.

Attorneys general from 13 states have signed a letter raising concerns about Walmart's decision to roll back its diversity, equity and inclusion policies. The company, which is the world's largest retailer,