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There's no such thing as merit-based hiring.
I think the idea is that each letter in there is considered a merit, hence why it's always discussed under the "core values" section. That is to say, they're properties that they supposedly value, next to technical excellence, team fit, being a spitfire, whatever.
And that the discussed-to-death diversity hiring quotas are not its entirety, or even necessarily a part, of it.
Merit not being a threshold but a range in actuality probably also plays a role (along with how utter theater the typical job interview really is).
> I wouldn't want to be hired based on something so meaningless.
But that's kinda the point of it all, isn't it? That it's supposed to be empowering the disadvantaged / marginalized. If your background does not put you at a disadvantage, there's nothing to compensate for, then it would indeed be meaningless. But if there is, and you made it, then that is by definition extraordinary. So it is meaningful.
There's definitely a question about whether they'd be stealing your thunder by this, but I'll leave that to an actual aficionado of the topic. Not exactly the expert on all this.
So much of the kerfuffle about DEI has always been around the fact that people don't understand what DEI means.
Also, in the current environment, I don't see how anyone can look around and argue that merit-based hiring is a norm anywhere. Even at hotspots of anti-DEI, "merit" often means "friend of a friend" or similar.