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Citi becomes latest US company to abandon diversity targets

Citigroup has decided to retract some of its diversity initiatives, including renaming its Diversity, Equity, and Inclusion team, according to CEO Jane Fraser's memo on February 20.
The bank will no longer mandate diverse candidate slates or interview panels, as emphasized in Fraser's memo.
Citigroup's decision follows similar actions by other U.S. Companies due to pressure from activist groups and changing federal policies, according to The Wall Street Journal.
President Donald Trump signed an executive order terminating DEI programs in the federal government, which has led to legal challenges against these changes.

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Reuters

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Justice for Men & Boys

Citigroup joins corporate retreat from diversity initiatives

Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday, as corporate America contends with a new business climate under President Donald Trump.

9 hours ago·United Kingdom

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MarketWatch

As banks retreat from DEI, Citi is making these changes to its diversity and hiring practices

Citigroup says it will no longer require “diverse slates of candidates and diverse panels of interviewers.”

20 hours ago·United States

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Adweek

Citigroup Scales Back Diversity, Equity, and Inclusion Initiatives

The diversity, equity, and inclusion dominoes continue to fall, and Citigroup became the latest to tumble. CNBC reported that Citigroup CEO Jane Fraser sent a companywide memo Thursday, stating that it no longer require a diverse slate of candidates for job interviews, that it would only set "aspirational representation goals" where required by local law,...

24 hours ago

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The Minnesota Sun

Another Wall Street Giant Retreats from Its DEI Efforts - The Minnesota Sun

by Ireland Owens Citigroup has become the latest major financial institution to retreat from some of its diversity initiatives. Citigroup CEO Jane Fraser told staff in a Thursday memo that the company is walking back some of its diversity policies, including renaming its diversity, equity and inclusion (DEI) team and also getting rid of “aspirational representation goals except as required by local law.” The bank’s decision comes amid growing …

1 day ago

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The Epoch Times

Citigroup Ending DEI Program

Citigroup is rolling back employment diversity initiatives, CEO Jane Fraser said in a Feb. 20 memo, following similar actions taken by major companies as corporate America navigates a shifting business climate. “The recent changes in U.S. federal government policy, including new requirements that apply to all federal contractors, call for changes to some of the global strategies and programs we’ve used to attract and support colleagues from vari…

1 day ago·New York, United States

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CNBC

Citigroup drops its DEI efforts, joining corporate withdrawal from diversity initiatives

With it's DEI rollback, Citigroup joins Goldman Sachs and JPMorgan Chase, both of which have also retreated from their diversity, equity and inclusion efforts.

1 day ago·United States

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