Citigroup has announced a significant shift in its approach to diversity, equity, and inclusion (DEI) initiatives, led by CEO Jane Fraser in a memo to staff. The bank will rename its DEI team to 'talent management and engagement' and abandon aspirational representation goals unless mandated by local laws. This change reflects a broader backlash against DEI programs seen across major corporations since the Trump administration, echoing decisions made by firms like Amazon and Meta. The move signifies a shift away from enforced diversity practices amid increasing political scrutiny.
Citigroup, responding to political pressure, is redefining its diversity initiatives by renaming its DEI team to 'talent management and engagement' and relaxing its representation goals.
Amid backlash against diversity efforts since the Trump era, CEO Jane Fraser emphasized a shift towards a focus on talent management rather than enforced diversity.
CEO Jane Fraser outlined in a memo, 'We will no longer require diverse slates of job candidates, aligning with a broader trend among major companies under political scrutiny.'
The decision echoes similar steps taken by companies like Amazon and Meta, highlighting a growing resistance to mandated diversity and inclusion practices.
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