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DEI departments have only ever been corporate lip service. The actual laws around equal opportunity employment are the critical things to try and defend against the GOP supermajority.
Yeah, but they're also kinda canaries in the coal mine. If corps don't feel pressured to do this lip service (which I will fully admit is almost always meaningless in and of itself) that's a bad sign for society in general.
It also says they are deplatforming third party sellers from Walmart.com that are selling LGBT merch, which does seem to affect actual people promoting equality. The anti-LGBT activists already pushed the stores to stop carrying merch at physical retail locations, and now they are booting them off the web as well.
Interestingly, the linked CNBC article in OP's link says this is mainly the work of one anti-gay/trans activist, Robby Starbuck. He seems to single out a company and attack their equality programs publicly to take them out one by one. Never heard of him before. It's crazy to think one loudmouth can have so much pull over such huge companies.
DEI departments exist to protect the company from DEI problems.
HR departments exist to protect the company from human problems.
Companies don't care about anything but profit.
To be fair, that IS why they exist, after all. That's why it's important to have regulations imposed by whatever authority so that they ALL have to honor certain minimum expectations of decency - you can't reasonably expect any business to have expenses geared towards doing "the right things" that their competitors don't also have to abide by. This is part of what the government is there for, and these assholes insist upon removing those guardrails just to squeeze out another few million dollars they don't actually need.