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Citi scraps diversity goals, ‘DEI’ term under Trump pressure

Bloomberg
Bloomberg • 2 min read
Citi scraps diversity goals, ‘DEI’ term under Trump pressure
CEO Jane Fraser. Less than a year ago, the bank boasted of its dedication to the same targets it just cancelled. “Citi’s 2025 aspirational representation goals are embedded in its business strategy,” it said in a filing. Photo: Bloomberg
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Citigroup is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.

The bank will no longer have “aspirational representation goals” except as required by local law, and abandon a policy for diversity in candidates and interview panels, according to a memo to staff from CEO Jane Fraser seen by Bloomberg News. 

It will also rename its “Diversity, Equity and Inclusion and Talent Management” team to “Talent Management and Engagement,” Fraser said. 

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