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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
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Adidas built a brand on Black celebrities but workers say it fell short on its own DEI efforts

Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
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Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
Down Arrow Button Icon
April 29, 2024, 8:29 AM ET
People walk outside of an Adidas store.
Adidas' corporate diversity strategy has fallen short of meeting DEI goals. Getty Images

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Adidas has had some major celebrity collaborations over the past few years, from Beyoncé to Missy Elliott, and most controversially, Ye, formerly known as Kanye West. 

With inspirational commercials and a hugely popular sneaker collaboration, the global apparel brand has managed to leverage Black talent for billions worth of business gains. But as Fortune’s Lila MacLellan writes in a blockbuster new feature, they’ve done so while workers say the company has been failing their own employees when it comes to internal DEI efforts.

Current and former Adidas managers and executives told her about an exodus of top Black management, a tone deaf attitude towards Black employees, and a dismissive attitude towards Black staff who warned the company about the risks of working with Ye years before his anti-Semitic meltdown. 

One former employee, who worked as a marketer for Ye’s Yeezy sneaker collaboration, described on a podcast how he went to the company’s leadership team about anti-Black comments the musician made back in 2018. 

“My question was, How can you expect me to show up to work and give all that I give to this team,” he said, “if we don’t feel like the values that we carry are represented here—and you’re not saying anything about it?”

When asked for comment, Adidas told Fortune the company had improved its overall diversity numbers, and remained dedicated to its diversity goals. About former employees speaking out, a spokesperson said: “We vehemently disagree with these views as they do not accurately reflect the reality of our company or the sentiments of our current employees.”

You can read more about Adidas’ troubled DEI efforts, and the pitfalls of taking a superficial approach to inclusion efforts, here.

Emma Burleigh
emma.burleigh@fortune.com

Around the Table

A round-up of the most important HR headlines.

Tech company cofounders are calling up applicants and offering pay packages above $1 million to recruit top AI experts in the war for talent. Business Insider

The new dreaded message from your boss might be a simple greeting. A senior staff member writing “hey” on Slack to a more junior employee without any context annoys staff members and can trigger a fight-or-flight response. Wall Street Journal

Black and Latino laborers are killed on the job at disproportionate rates, as workers of color face systemic racial inequities and a lack of safety in dangerous industries. NBC News

More than 7,000 Daimler Truck workers represented by the United Automobile Workers union reached a deal with the company on Friday and successfully won a 25% raise over the next four years, averting a strike. New York Times

Watercooler

Everything you need to know from Fortune.

Wage upset. Europe’s financial industry has a huge gender pay gap problem—less than one in 10 of the continent’s top-paid bankers are women. —Nicholas Comfort

City slickers. Office space demand in New York City and Los Angeles is higher than its been since August 2021, as WFH rates drop to the lowest levels since lockdown. —Jane Thier

Tech tacos. Chipotle will roll out guacamole-making robots to assist workers later this year in an effort to save time and keep profits high. —Chloe Berger

This is the web version of CHRO Daily, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.

About the Author
Emma Burleigh
By Emma BurleighReporter, Success

Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

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