Citi Scraps Diversity Goals, ‘DEI’ Term Under Trump Pressure (1)

Citigroup Inc. 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 Chief Executive Officer 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.

Jane Fraser

Photographer: Sarah Silbiger/Bloomberg

“The recent changes in US federal government policy, including new requirements that apply to ...