Revelio Labs
The Rise and Fall of DEI in Corporate America

Stacked bar chart comparing the share of non-white hires since 2020 at companies with and without DEI teams, broken down by ethnicity. Companies with DEI teams hired 15.3% Asian, 12.3% Black, 11.5% Hispanic, and 3.3% other non-white employees, compared to 12.9% Asian, 11.3% Black, 11.4% Hispanic, and 3.1% other at companies without DEI teams.

Were diversity efforts genuine, or just optics?

Stacked bar chart comparing the share of non-white hires since 2020 at companies with and without DEI teams, broken down by ethnicity. Companies with DEI teams hired 15.3% Asian, 12.3% Black, 11.5% Hispanic, and 3.3% other non-white employees, compared to 12.9% Asian, 11.3% Black, 11.4% Hispanic, and 3.1% other at companies without DEI teams. Source: Revelio Labs.
Figure 2. Stacked bar chart comparing the share of non-white hires since 2020 at companies with and without DEI teams, broken down by ethnicity. Companies with DEI teams hired 15.3% Asian, 12.3% Black, 11.5% Hispanic, and 3.3% other non-white employees, compared to 12.9% Asian, 11.3% Black, 11.4% Hispanic, and 3.1% other at companies without DEI teams. Source: Revelio Labs, September 2025

Embed this chart

Paste this code into your page.

<iframe
  src="https://www.reveliolabs.com/embed/the-rise-and-fall-of-dei-in-corporate-america/fig-2"
  title="Stacked bar chart comparing the share of non-white hires since 2020 at companies with and without DEI teams, broken down by ethnicity. Companies with DEI teams hired 15.3% Asian, 12.3% Black, 11.5% Hispanic, and 3.3% other non-white employees, compared to 12.9% Asian, 11.3% Black, 11.4% Hispanic, and 3.1% other at companies without DEI teams."
  width="100%"
  height="448"
  style="border:0;width:100%;height:auto;aspect-ratio:784 / 448"
  loading="lazy"
></iframe>