IBM Settles DEI Probe For $17 Million

IBM (IBM.N) has agreed to pay $17 million to settle a U.S. government ​probe over the firm’s diversity, equity and inclusion practices, ‌which President Donald Trump’s administration has cracked down on during his second term in office.

The settlement marks the first resolution from ​the U.S. Department of Justice’s unit formed last year ​called the “Civil Rights Fraud Initiative” to crack down ⁠on DEI policies using a civil anti-fraud law.

Read more at Reuters