Why Toyota, Walmart, and Target Are Cutting DEI

5 Dec 2024 · 8 min

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

Podcast Episode Summary: Why Toyota, Walmart, and Target Are Cutting DEI

Podcast Details

  • Title: Marketing School - Digital Marketing and Online Marketing Tips
  • Hosted by: Neil Patel and Eric Siu
  • Episode Number: #2879
  • Description: In this episode, Neil and Eric discuss the trend of major companies reducing their Diversity, Equity, and Inclusion (DEI) initiatives, focusing on the implications of meritocracy in hiring and the cultural fit within organizations.

Time-Stamped Show Notes

  • (00:00) - Introduction to the shift in DEI initiatives
  • (03:00) - Discussion on meritocracy versus DEI from a business perspective
  • (05:49) - Conclusion and reminder to rate, review, and subscribe

Key Concepts and Discussions

The Shift in DEI Initiatives

  • Major corporations like Toyota, Walmart, and Target are scaling back their DEI programs.
  • Eric Siu expresses frustration with the emphasis on DEI, suggesting that focusing on doing good work and being kind is more important.

Meritocracy vs. DEI

  • Meritocracy is emphasized as a critical component of hiring practices:
  • Candidates should be evaluated based on their ability to perform the job well, rather than demographic factors such as gender, race, or age.
  • Both hosts advocate for hiring individuals who demonstrate hard work, ambition, and a willingness to learn.
  • Eric articulates a perspective that merit should not be downplayed:
  • He believes that America, more than many countries, operates on a merit-based economy.
  • The importance of looking for all qualified candidates rather than limiting the hiring pool is reinforced.

Cultural Fit

  • Cultural fit is discussed as an essential aspect of hiring:
  • The hosts argue that a candidate's ability to align with the company culture is vital, especially in larger organizations.
  • Neil highlights a specific example of hiring someone based on both experience and cultural fit, illustrating that sometimes the best candidate may not fit the traditional mold.

Personal Anecdotes

  • Neil recounts a specific hiring experience:
  • A female candidate was selected over a male candidate not because of gender, but due to her superior experience and better cultural fit for the team.
  • The conversation emphasizes the importance of creating an inclusive environment where candidates feel valued regardless of gender.

Marketing Innovations

  • Brief mention of marketing strategies:
  • Eric introduces techniques like programmatic conversion rate optimization (CRO) and AI-driven custom messaging as ways to innovate in marketing.

Conclusion

  • The discussion emphasizes the idea that while DEI is significant, the ultimate focus should be on merit and cultural alignment in the workplace.
  • Both hosts encourage listeners to prioritize performance and fit over demographic considerations in hiring processes.

Call to Action

  • Listeners are encouraged to join the Marketing School community by subscribing and engaging with additional content on their YouTube channels.
  • Visit [Marketing School](https://www.marketingschool.io) for more insights and resources.

Feedback

  • The hosts invite feedback on topics for future episodes and encourage listeners to leave reviews.

---

This markdown file organizes and highlights the essential discussions from the podcast, providing an accessible summary for readers interested in the themes of meritocracy, cultural fit, and DEI in the corporate landscape.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:00Toyota, Walmart, Target, and other brands are cutting DEI.

0:10Here, I'll tell you what I think about it. I'll take the juicy one first, okay? I just think, man, like enough is enough. Like, yes, this stuff matters at the end of the day, but what matters the most is that you do good work and you be kind to people. That matters more than anything else. And the more we can cut these, I'm going to call it like they're distractions, the more we can focus on doing good work, the more we can focus on being kind, that is all we need to do. So, yeah, I'll tell you what I think about it. I look at DEI as, I don't know how DEI organizations are run. As a business owner, it's really simple to me.

0:41I don't look at someone based on gender, color, or age, or any of those factors. I look at it as black and white. Good person for the job, bad person for the job. If someone can do a good job or get trained into it, or they're smart, ambitious, and willing to work hard and learn, I'm all for it. If someone's lazy, I don't care about any of the other factors. In theory, why should lazy people who suck at what they do get paid well when there's a lot of hardworking people who should deserve that job? And again, I don't look at gender or race or age or any of that or even education. Both of us employ across the spectrum.

1:24Yeah, we employ all things and people can't say based on our organizations that we're sexist or anything like that, or we discriminate against any kind of race or if someone may be gender neutral, none of us discriminate or you and I don't discriminate against any of that. And we look at it as like, you do good work. Awesome. You know, you're going to do well in our organization, keep getting promoted, keep getting paid. Well, if you do terrible work and people hate the results and you don't want to show up or even work or do anything, why should you be around in the organization? It's not fair to all the other people who could either have the job or it's not fair to people who are working hard.

2:00Merit. People like to poo-poo on merit. It's like, oh, you think America is a merit-based economy? Yes, I do. And so, you know, more than most countries, right? I do think organizations should look hard for all qualified candidates. Yeah. And not just be like, this one person applied, so I'm going to hire them. And I think that's a bad part about recruiting. For me, that has nothing to do in DEI, but you can lump that in. because when people apply for a job, even if that person is amazing, we still go out there and try to find other people, no matter about their gender, race, or age, or anything like that, finding other people who could be potentially skilled.

2:40And what you'll find is you may end up finding people who are better for the job. And I'll give you a great example of this. I won't name the person. We had someone interview for one of our positions as a leader of one of our countries, male, all right? and in this country almost all the leaders are male did amazing on the interview and they probably would have killed it in the job we said one person let's continually find more people we found this female and when you look at this female in this country a lot of people will talk down because that's how culturally they are which sucks but that's the reality and it's changing but changing slowly, we ended up picking the female, not because the person was a female.

3:25We picked them because they had similar experience, if not even a little bit better of experience. They were more expensive, believe it or not. And there were a much better cultural fit. So a little bit better experience, even though they were more expensive, we look at the experience and better culture fit. And we're like, that's worth it. Never in my 13 years of knowing Neil that I've expected him to talk about cultural fit. Which is really important. When you have a lot of employees, it is, and I'm not saying we have a ton compared to like a Microsoft, but at our scale, it's still a lot when you're over a thousand plus.

3:59Cultural fit is really important. It's everything. Yeah, because when someone has to work with hundreds of people, it doesn't work out if they're not a cultural fit. And culture is just how you do things. And everything has a culture. Every organization has a culture. Your company does. Your family has a culture as well. So that's all it is. All right, quick note. This is about my company. It's called Single Grain and Single Grain is an ad agency where we're focused on driving innovation. We'll talk about a couple of new strategies. And if you need help with marketing, great. If not, here are a couple of new strategies that you should try out.

4:27One is programmatic CRO. So we are doing programmatic conversion rate optimization on our site. So it's building products that will automatically optimize your site to increase conversion rates. We're also auto optimizing, auto updating from an SEO standpoint. And we're constantly thinking about what else we can do in terms of enriching the visitors that are hitting your website and also tailoring custom messages for them using AI. And so there's a handful of things that we're doing from a marketing standpoint. And our mission is just to drive more innovation. So if you want to learn more, just go to singlegrain.com, grain like rice.

4:58So singlegrain.com to learn more and we'll see you inside. And it was funny when I interviewed her, she was telling me how she's a woman and, And oh yeah, and you know, in the country, it doesn't go as well. Cause some people I'm like, I don't care. And what do you, she's like, what do you mean? I'm like, well, if you're telling me people are giving you proms cause they're female and they're no good, we can make changes. And she's like, really? Well, not only that, she's dealt with it. Yeah, she's dealt with it. She's got the thick skin. Yeah, she has a thick skin. And she's just like, I can put up with it.

5:26And I'm like, well, if people are giving you issues and you don't think they're the right fit, we can make changes if you don't think that's best for our relationship. She's like, really? I'm like, yeah. She's like, you don't care I'm a female? I'm like, no, you're a better fit for the job. I'm like, gender doesn't matter to me. The question is, who's best for the company? Exactly. I think it's you. We'll make changes if people don't want to fall in line. It's that simple, right? That is it for today. Go to markingschool.io slash agency. By the way, that price keeps going up. It just doubled last yesterday, actually.

5:56So yeah, go check it out and we'll see you tomorrow.

6:05Thank you.

From the publisher
In episode #2879, Eric Siu and Neil Patel discuss the recent trend of companies like Toyota, Walmart, and Target cutting back on Diversity, Equity, and Inclusion (DEI) initiatives. He emphasizes the importance of meritocracy in hiring and the need for cultural fit within organizations.  Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)  TIME-STAMPED SHOW NOTES: (00:00) The Shift in DEI Initiatives (03:00) Meritocracy vs. DEI: A Business Perspective (05:49) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more!   Leave Some Feedback: What should we talk about next?  Did you enjoy this episode? If so, please leave a short review.   Connect with Us:    Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

More from Marketing School - Digital Marketing and Online Marketing Tips

All 936 episodes
Why Toyota, Walmart, and Target Are Cutting DEIMarketing School - Digital Marketing and Online Marketing Tips · 8 min
Listen in VO