The Rise and Fall of DEI in Corporate America

Line chart showing the headcount of DEI personnel at Russell 3000 companies from 2017 to 2025, rising from about 6,000 to a peak of roughly 12,300 in 2022–2023, then declining to around 10,800 by 2025.

Were diversity efforts genuine, or just optics?

Line chart showing the headcount of DEI personnel at Russell 3000 companies from 2017 to 2025, rising from about 6,000 to a peak of roughly 12,300 in 2022–2023, then declining to around 10,800 by 2025. Source: Revelio Labs.
Figure 1. Line chart showing the headcount of DEI personnel at Russell 3000 companies from 2017 to 2025, rising from about 6,000 to a peak of roughly 12,300 in 2022–2023, then declining to around 10,800 by 2025. Source: Revelio Labs, September 2025

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