You're right that Internet-ish companies are a special risk. But even run-of-the-mill organizations seem to be drinking the Kool-Aid these days. I sat today in an all-hands anti-racism videoconference. It was bland enough, though it would at one time have made a good SNL skit. (It was a bunch of woke white women declaiming our failures.)
Committees were proposed and also the hiring of (even) more D&I consultants and personnel. As usual, no actually useful action was proposed, but we have once again checked the box.