McDonald's says it is rolling back some of its diversity practices

McDonald's is the latest large corporation to announce that it's unwinding some of its diversity initiatives. 

The fast-food giant said it is changing its approach to "inclusion" at the company, according to a memo to restaurant owners and operators as well as employees worldwide, which was posted on its corporate website on Monday. 

Specifically, the company will no longer set "aspirational representation goals," or targets for achieving diverse representation in senior roles. McDonald's is also ditching a program it created to encourage its suppliers to make their own diversity, equity and inclusion (DEI) pledges and invest in diversity training for their employees. Instead, the company says it will have conversations "with suppliers about inclusion as it relates to business performance."