As the nation's largest retailer and private company employer, Walmart's reversal of DEI policies has important implications for all retailers and corporations.

Walmart CEO John Furner confirmed the retail giant would be rolling back its DEI programs, including reviewing grants and ditching the term "DEI" altogether.

Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.