BlackRock Ends Diversity Goals, Merges DEI Staff Into New Team

BlackRock Inc. scrapped its “aspirational workforce representation” objectives, reversing course on earlier goals after President Donald Trump moved to end diversity, equity and inclusion, or DEI, practices.

The world’s largest asset manager will abandon specific targets to increase the representation of employees in its workforce and will no longer require hiring managers to interview a diverse slate of job candidates, the company’s senior executives said in a Friday memo.

BlackRock, which has roughly 21,000 employees, will also combine staff who were on teams devoted to DEI and talent management into one “Talent and Culture” group.

Chief Executive Officer Larry ...